Nuvei $425 million U.S. IPO
We advised Nuvei on its U.S. IPO and Nasdaq listing of subordinate voting shares
Davis Polk advised Nuvei Corporation, in connection with its initial U.S. public offering of 3,450,000 subordinate voting shares, including 450,000 subordinate voting shares pursuant to the exercise in full of the underwriters’ option to purchase additional shares. Nuvei expects that the net proceeds of the offering will be used for general corporate purposes, including to fund ongoing operations, working capital requirements and/or to fund growth initiatives such as acquisition or strategic investments in complementary business, services, products or technologies. Nuvei’s subordinate voting shares are listed on the Nasdaq Global Select Market under the symbol “NVEI” and the Toronto Stock Exchange under the symbol “NVEI.”
Based in Montreal, Canada, Nuvei Corporation is the global payment technology partner of thriving brands. Uniting payment technology and consulting, Nuvei Corporation helps businesses remove payment barriers, optimize operating costs and increase acceptance rates.
The Davis Polk corporate team included partner Marcel Fausten and associates Arisa Akashi and Marisa Rametta. The tax team included partner William A. Curran and associates Elina Khodorkovsky and Kendra Simpson. The financial institutions team included partner Jai R. Massari and associate Ryan Johansen. The intellectual property and technology transactions team included associate Brette L. Trost. Members of the Davis Polk team are based in the New York and Washington DC offices.