According to @LexSokolin, SumUp is targeting a USD 10-15 billion IPO to fund acquisitions across a fragmented European payments market. According to @LexSokolin, the company was valued at EUR 8 billion in 2022 and is now seeking nearly double that after missing a prior EUR 20 billion goal. According to @LexSokolin, SumUp recently raised EUR 590 million led by Bain Capital, serves 4 million customers in 36 countries, and is guiding to EUR 160 million in EBITDA with founders retaining majority control post-IPO. According to @LexSokolin, the strategy centers on consolidation of SME payments providers using IPO proceeds, while the listing venue is undecided and London risks losing another fintech to US markets. According to @LexSokolin, real-time payments and embedded finance are reshaping European transaction infrastructure, contactless payments surpassed EUR 2 trillion in 2024, and the biggest risk is continued investor preference for US capital markets due to higher tech multiples and liquidity depth.