4 Key Facts About the Upcoming Xplor Technologies IPO

Xplor Technologies is poised to come public in the later part of 2021 after confidentially filing its IPO with the SEC today. The private equity-backed global software and payments company has seen strong growth amid the pandemic. Below are four important facts about the upcoming IPO:

1. Xplor Technologies IPO Timing: Xplor Technologies filed confidentially for its initial public offering (IPO) on September 20, 2021. This puts the company on track to complete the IPO by the end of the year. Xplor will use the traditional IPO route instead of a direct listing or a SPAC.

2. Xplor Technologies IPO Valuation: Xplor is expected to be valued between $4-$6 billion in the IPO, according to recent reports.

3. IPO Backers and Background: Xplor Technologies was formed earlier this year from the merger of Clearent and Transaction Services Group (TSG), both portfolio companies of private equity firm Advent International.

4. Business Metrics: In 2020, Xplor served over 82,000 businesses that processed over $27 billion in payments, operating across 158 countries. In addition to payments, the company provides a range of commerce-enabling solutions such as CRM and loyalty program applications, online learning and training software, consumer engagement mobile apps, employee service delivery mobile apps, and billing and account management services.

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