Ebury has hired investment bank Perella Weinberg Partners to launch an initial public offering of the business as soon as 2025, the payments company CEO Juan Lobato told Reuters. Ebury is majority owned by Spain's Santander, which last year raised its stake in the company to around 67% in the latest funding round that valued the UK-based firm at around 900 million pounds ($1.11 billion). Ebury, which is focused on payments, cash management and trade finance for businesses, will report "sharp growth" when presenting its results in the coming weeks, Lobato said.