Transact is preparing for a flotation of the business after a potential sale fell through at the end of last year.
Chief executive Ian Taylor says the platform wrote to shareholders in December to say a flotation is the most “appropriate” exit strategy for the business.
In August, Taylor told Money Marketing the firm was working towards a long-term goal of either selling the business or floating on the stock exchange.
Money Marketing reported in October that private equity firms were circling the platform, but the talks later fell through.
Taylor says: “From where we stand at the moment, a flotation is the most likely option. The most appropriate course of action is for us to continue to prepare the business for a flotation.
“There is no timetable for it at the moment and we would not rule out other options if they arose.”