Czech payments firm Eurowag launches London IPO

LONDON -Czech payments firm Eurowag said on Monday that it plans to list on the London stock market, with a planned sale of 200 million euros ($235.84 million)of new shares as well as a sell down of some existing equity.

The company, which counts private equity firm TA Associates among its owners and offers payments services for the transportation industry, said it plans to apply for a premium listing and have a free float of at least 25%.

Sources told Reuters last month that the company would target a valuation of around 2 billion euros.

Citi, Morgan Stanley and Jefferies are the global coordinators on the deal.

($1 = 0.8480 euros)