Payment processor Sumup has postponed plans for an initial public offering (IPO), citing unfavorable market conditions. Marc-Alexander Christ, co-founder of Sumup, told the business magazine Capital that the timing wasn’t currently optimal and that the company intends to “wait until the stock market conditions are a bit more fertile”. While he maintains that a public listing remains a probability, he believes 2026 presents a more opportune window than 2025.
Sumup’s decision adds to a growing list of German technology companies that have recently delayed potential stock market listings. Online auto parts retailer Autodoc previously scrapped its second attempt at an IPO in late June, citing the “geopolitical situation” as a key factor. Medical technology firm Brainlab also postponed its IPO in early July, referring to a market environment deemed “not optimal”. In both instances, speculation suggests the respective owners were anticipating higher valuations.
The London and Berlin-based Fintech firm, known for its card terminals catering to small retailers and restaurants, has experienced significant growth. Since the end of 2022, Sumup has reportedly been profitable, generating revenue through transaction fees on participating merchants’ sales. A funding round in the same year valued the company at €8 billion, a figure that’s now uncertain to be reflected in a current stock price.
According to Christ, Sumup’s strategic focus now includes expanding its customer base beyond the small business sector and targeting larger corporations. He noted that while the company has previously engaged with the next tier of businesses, a renewed emphasis will be placed on developing customized solutions for those clients.
