SumUp, a well-known UK-based payments company for point-of-sale terminals, is reportedly inviting banks to propose for roles in an initial public offering (IPO) on a European stock exchange, as per sources cited by Bloomberg.

Potential venues include London, Amsterdam, and Frankfurt. SumUp is working with STJ Advisors on the listing preparations, but no final decision has been made yet.

The IPO could potentially value SumUp at over USD 10 billion, as per the reports. This valuation would be an increase from its USD 8.5 billion valuation in a funding round held in 2023. A representative for SumUp did not provide any comments on this matter.

European Venue Preference and Market Context

SumUp’s decision to pursue an IPO in Europe is advised by its financial advisers, who suggest that the company should avoid a U.S. listing given the majority of its sales are outside the United States. This approach contrasts with the trend of high-growth technology and fintech firms choosing U.S. public markets.

Recent European fintech IPO experiences have been mixed, notably for Sweden-based Klarna and Israel-based eToro, both of which listed in New York and experienced share price declines after their market debuts. These outcomes may influence the strategies of other firms considering cross-Atlantic listings.

Simultaneously with its IPO considerations, SumUp announced plans in October 2025 to apply for banking licenses in the EU and UK. This move aligns with SumUp’s strategy to expand beyond payments into broader financial services, following its current e-money licenses in the UK, Ireland, and Lithuania.