Abu Dhabi – Mubasher: Allen & Overy has advised Network International Holdings, the largest payment processing firm across the Middle East and Africa, on its GBP 2.2 billion ($2.88 billion) initial public offering (IPO) and listing on the premium segment of the London Stock Exchange (LSE).

Network International’s IPO is the largest in the UK by a technology firm since Worldpay in 2015 and the biggest listing in Europe in 2019, according to a statement.

Earlier in April, Network International, an affiliated associate of Dubai-based Emirates NBD, unveiled the price range of its IPO on the LSE.

Emirates NBD previously confirmed the sale of 127.47 million ordinary shares in Network International to MasterCard with a total sale amount of GBP 554.5 million.