Abu Dhabi's Finablr said to be struggling to find buyers for London IPO

London Stock Exchange. Photo: Reuters

Finablr, Abu Dhabi billionaire Bavaguthu Raghuram Shetty’s financial-services firm, is struggling to find investors for its London initial public offering as the sale draws to a close, people familiar with the matter said.

The holding company for businesses, including Travelex Holdings Ltd. and the UAE Exchange Centre LLC, could opt to restructure or delay the IPO, the people said, asking not to be identified as the details are private. The sale is scheduled to end on May 13 and there has not yet been a message to the markets saying there is demand for all the shares, they said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter