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Financial technology firm SumUp is mulling an initial public offering in either London or New York, the Financial Times reported on Monday. The firm, which provides card readers, could be valued between $10 billion and $15 billion in a float, the FT said. One source told the FT that SumUp’s founders will remain its largest shareholders. The FT also reported that SumUp is looking to raise funds to buy competitors. Citing a source, the FT reported SumUp believes the payment processing is ready for consolidation. In a 2022 funding round, SumUp was valued at €8 billion, though it had hoped to be worth €20 billion. A float for SumUp would provide a rare boost for the London Stock Exchange, which has struggled to secure high profile listings and seen big names move their primary listings elsewhere. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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