Nuvei, a Canadian provider of payment processing solutions to merchants and e-commerce platforms, raised $369 million by offering 3 million shares at $123.14, above the $122.59 as-converted last close of its shares on the TSX (NVEI). The company offered 1.5 million more shares than anticipated.
Nuvei is a global provider of payment technology solutions to merchants and partners in North America, Europe, Asia Pacific, and Latin America. Its solutions span the entire payments stack and include a fully integrated payments engine with global processing capabilities, a turnkey solution for frictionless checkout experiences and a broad suite of data-driven business intelligence tools and risk management services. Its technology platform allows merchants and partners to securely accept payments in over 200 markets worldwide with local acquiring in 45 markets and nearly 150 currencies, and for their customers to transact using over 500 alternative payment methods and nearly 40 cryptocurrencies.
Nuvei plans to list on the Nasdaq under the symbol NVEI. Goldman Sachs, Credit Suisse, and J.P. Morgan acted as joint bookrunners on the deal.
