Fintech SumUp Lines Up Banks for Possible London IPO

SumUp Payments Ltd. is lining up investment banks to arrange a potential initial public offering in London, according to people familiar with the matter, in what could be one of the biggest listings the UK capital has seen in recent years.

The financial technology group, known for its point-of-sale terminals, is poised to appoint Deutsche Bank AG, Goldman Sachs Group Inc., Jefferies Financial Group Inc. and JPMorgan Chase & Co. to work on the first-time share sale, said the people, who asked not to be identified because the information is private.