Billionaire Raghuram Shetty said to hire Evercore on finance unit IPO

Representatives for Evercore couldn't immediately be reached for comment. Shetty set up Finablr last month to consolidate his financial services brands, which include Xpress Money

West Asia billionaire Bavaguthu Raghuram Shetty hired Evercore to advise on a potential initial public offering (IPO) for his financial-services company, according to people with knowledge the matter, as he seeks to expand a sprawling empire built on offering money transfers and currency-exchange services.

Finablr, the holding company for businesses including Travelex Holdings and the UAE Exchange Centre, is weighing a share sale in London as early as next year that may value the business at billions of dollars, said the people, asking not to be identified as the information is private. More advisors could be hired in the