Eurowag Shuns Prague for London Amid Eastern Europe IPO Exodus

Czech digital-payments provider Eurowag plans to float its shares in London, providing a potential boost for its efforts to stay the main hub for European initial public offerings.

The company that processes toll and fuel payments for trucks around Europe is seeking to sell an equivalent of 200 million euros ($236 million) of new shares to fund its growth, according to a statement on Monday. It could be valued at about 2 billion euros, Bloomberg News reported in May.

Eurowag is targeting an initial free float of at least 25% and expects its listing to be included in the FTSE ...