Paysafe Lists on Stock Exchange
The Paysafe Group declares that it has completed the M&A deal. The company was bought by Foley Trasimene Acquisition Corp. II. Since April 1, 2021, the Paysafe Group PLC has been trading its stocks on the New York Stock Exchange. The ticker symbol of Paysafe on NYSE is PSFE. We have prepared some more facts about the company for its users and investors.
The Paysafe Group operates a global payment system focused on electronics, tech, and gambling. These spheres are prevalent in its work, from which it receives 75% of its income. NETELLER, Skrill, and Paysafecards are subsidiaries of the Group. The company, along with its subsidiaries, is being managed by Philip McHugh.
Foley Trasimene Acquisition Corporation II, the owner of Paysafe Group, is a special acquisition company. It went public in August 2020 and had been trading under the BFT ticker. Its owner, William Foley II, also manages Fidelity National, Black Knight, and Cannae.
The chief representatives of both companies announced that they are pleased to complete the merger of assets and go public. Both parties hope for continued rich cooperation in reaching new heights. They also thanked each other and their main investors, Blackstone and CVC Capital.
Tips Investor Should Know About the Paysafe Group and PSFE Stock
Here is some news related to the new corporation and some information investors should keep in mind:
- The iGaming segment of Paysafe: from this sector, the company receives two-thirds of its income;
- The recently announced NETELLER payment system Loyalty Program should also attract investors’ attention;
- Paysafe’s rating was upgraded to a B1 according to Moody’s Investors Service.
