British payments pioneer considers $1.5bn US Spac listing in blow to London
Worldremit has held talks in recent weeks about a listing through a merger with a US special purpose acquisition company
10 March 2021 • 3:30pm
British payments company Worldremit is considering spurning the London Stock Exchange for a US Spac listing that could value it in excess of $1.5bn (£1bn).
Founded by Ismail Ahmed in 2010 after he struggled to send money home to his family in Somalia, Worldremit enables cross border payments online or through its app in 70 currencies and has grown to employ more than 1,000 staff.
The London-based firm has held talks in recent weeks about a listing through a merger with a US special purpose acquisition company (Spac), according to market sources.
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MOSCOW (Sputnik) - US tech giant Apple announced on Wednesday plans to invest over 1 billion euros ($1.19 billion) over the next three years to expand its engineering.
Claims campus will be home to Europe s largest mobile technologies engineering team
Matthew Hughes Wed 10 Mar 2021 // 19:59 UTC Share
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With an estimated opening date of late 2022, the 33,000m
2 facility will serve as Cupertino s largest wireless communications R&D facility, with a heavy emphasis placed on developing proprietary 5G chippery.
In a blog post, Apple said the facility will house Europe s largest mobile technologies engineering team.
It s a bold claim. Nokia s Oulu campus, which is home to its 5G radio design team, has a couple of thousand workers – although these are spread across manufacturing and research.
Still, even if it s not the greatest thing since sliced laugenbrötchen, it does allow Apple to consolidate much of its operations in the Bavarian capital, ongoing since 1981. In recent years, Apple s ranks have swelled following a spate of buyouts. The most notable is its $1bn acquisition of Intel s modem development wing in