Flywire jumps after report company exploring sale

Flywire

02/08/2024 17:13

** Shares of payments processor Flywire  FLYW.O  jump as
much as 10.1%, last up 7% at $18.54
    ** FLYW is exploring a sale after attracting takeover
interest, Reuters reports citing people familiar with the matter
    ** Boston, Massachusetts-based FLYW is working with
investment bank Qatalyst Partners to evaluate interest from
potential buyers, including private equity firms
    ** Talks are at an early stage and no deal is certain,
sources say
    ** Flywire and Qatalyst did not immediately respond to
requests for comment
    ** FLYW has a market cap of $2.30 bln - LSEG data
    ** As of last close, FLYW shares down 25.1% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))