Ebury, the payments company backed by Spanish banking giant Santander, is drawing up plans to revive a £2bn London flotation in the first half of next year.
Sky News has learnt that Ebury’s board and its investment banking advisers have tentatively pencilled in the second quarter of 2026 to resurrect an initial public offering of the business.
Its original plan to go public earlier this year was derailed by the market volatility caused by President Donald Trump’s global tariffs regime, with the IPO window not being deemed sufficiently open this autumn to render an Ebury flotation viable.
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City sources said that the spring of next year was now being discussed between Ebury’s board and bankers as a potential launch date.
Ebury, which handles cross-border payments for small businesses, is expected to seek a valuation of around £2bn, with Santander thought to be unlikely to proceed with an IPO if that figure is not attainable.
Banks, including Barclays, Goldman Sachs and Peel Hunt, have been engaged to work on the deal.
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Bruce Carnegie-Brown, the City grandee who until recently was chairman of Lloyd’s of London, was appointed last year as Ebury’s chairman.
The payments firm is one of a cluster of companies whose flotations in London could spark a broader revival of the City’s IPO pipeline after a protracted fallow period.
Among the other listing candidates are Shawbrook Group, the bank, and New Princes, the canned food manufacturer.
Ebury declined to comment.
