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Market Chatter: JPMorgan Chase Hired by ClearScore Ahead of Possible Listing

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JPMorgan Chase (JPM) has been hired by ClearScore as a financial adviser ahead of a possible stock market listing that could value the UK financial technology firm at about 2 billion British pounds ($2.64 billion), Sky News reported Friday, citing sources familiar with the matter.

ClearScore CEO Justin Basini confirmed the appointment to Sky News, saying "with strong growth and profitability we have huge opportunities which our bankers will contribute to as we continue to execute."

An IPO is is seen as a logical medium-term option for ClearScore, although there are no firm plans or timetable for it to go public, Sky reported, citing people close to the company.

JPMorgan Chase and ClearScore did not immediately respond to' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $332.14, Change: $-2.98, Percent Change: -0.89%

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