Currency exchange specialist Travelex is reportedly considering a stock market floatation, after a series of high profile sell-offs have raised the company’s interest.
The business is co-owned by Apax, which has held shares for the past eight years. The firm now wants to sell of its stake after reducing its present on the board from two members to one.
While Travelex and Apax have both refused to comment, City AM, heard from Travelex CEO Peter Jackson who said that floated companies were doing “very well” right now. The IPO is reportedly in very early stages.