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On Monday, Paysafe, the London-headquartered global payments business that processes close to $100 billion a year for merchants and consumers through digital wallets and online cash solutions, announced that it is reversing into Foley Trasimene Acquisition Corp, the New York-listed special purpose acquisition company (Spac) sponsored by William P Foley.
Paysafe, which was taken private from the London Stock Exchange at the end of 2017 by Blackstone and CVC Capital, will thus re-emerge as a public company on the New York Stock Exchange (NYSE) through a pre-packaged listing.
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