Tuesday, July 1, 2025

Nuvei To Raise US$369 Million In US IPO, List On Nasdaq

Nuvei Corp (TSX: NVEI) last night announced the pricing for what amounts to its IPO in the United States. The company, whom trades on the TSX currently, is set to see its shares begin trading on the Nasdaq under the symbol “NVEI” following the offering.

The financing will see the company look to raise gross proceeds of US$369.4 million, which comes via the sale of 3.0 million subordinate voting shares of the company. The offering is classified as being upsized, given the firm initially sought the sale of just 1.5 million shares.

Shares are being sold at a price of US$123.14 each. No warrants are included in the financing.

A 15% over-allotment option has also been issued for the financing, valid for a period of 30 days post-closing.

Currently, the financing is slated to close on October 8, subject to the listing of the firms shares on the Nasdaq.

Proceeds from the offering are to be used to “strengthen the Company’s financial position,” as well as for the firm to focus on growth.

Nuvei Corp last traded at $154.93 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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