Plaid Said to Weigh US IPO as Fintech Listings Pipeline Rebuilds
- Plaid, the payments-network provider that powers thousands of US bank and brokerage apps, is weighing a US initial public offering, according to people familiar with the matter (Bloomberg).
- The company, which scrapped a 2020 merger with Visa under regulatory pressure, has seen revenue rise alongside the growth of account-to-account payments and open-banking APIs.
- A Plaid IPO would test investor appetite for infrastructure-grade fintech at a time when the IPO market is gradually reopening after a multi-year drought.