Nuvei Buys Payoneer for $2.75 Billion, Ending 5-Year Nasdaq Run
Updated
Updated · CTech · Jun 15
Nuvei Buys Payoneer for $2.75 Billion, Ending 5-Year Nasdaq Run
3 articles · Updated · CTech · Jun 15
Summary
$7.40 a share in cash will go to Payoneer investors under Nuvei's $2.75 billion takeover, which will delist the Israeli fintech from Nasdaq.
The deal gives Nuvei a stronger position in cross-border commerce by adding Payoneer's marketplace and SMB network, creating a payments group with about $3 billion in annual revenue and roughly $500 billion in volume.
A 21% premium to Payoneer's prior Friday close helped seal the sale, though the company had already been under pressure from slowing growth, restructuring and exposure to U.S.-China trade tensions.
Payoneer's public-market chapter ends below its 2021 SPAC debut valuation: the sale price is about 17% under the $3.3 billion listing value after 2025 net income fell 40% to $73.2 million.