What is the status of Payoneer’s IPO?

As of now, Payoneer, a global payment and money transfer service, has not gone public through an Initial Public Offering (IPO). However, in February 2021, Payoneer announced that it would go public through a merger with a special purpose acquisition company (SPAC) called FTAC Olympus Acquisition Corp. The deal values Payoneer at around $3.3 billion. This merger allows Payoneer to bypass the traditional IPO process, which can be lengthy and expensive. It’s important to note that while this is similar to an IPO in that it will result in Payoneer becoming a publicly traded company, it’s technically not an IPO.