Payments Firm SumUp Said to Seek Bankers for a European IPO

Financial technology company SumUp Payments Ltd. is inviting banks to pitch for roles on an initial public offering in Europe, according to people familiar with the matter, after the company considered a US listing.

The payments firm known for its point of sale terminal is requesting the pitches for an IPO on a European exchange like London or Amsterdam, the people said. SumUp is working with STJ Advisors on the listing preparations, they said.