03:02 PM EST, 11/15/2024 (MT Newswires) -- Blackstone (BX) and private equity firm Warburg Pincus are evaluating strategic options including a sale of financial technology services provider IntraFi, Bloomberg reported, citing people familiar with the matter.

The two alternative-asset managers have started discussions with investment banks to gauge interest in IntraFi, which could be valued at $12 billion or more in a transaction slated for early 2025.

Large financial technology firms, including exchanges, could be potential buyers, according to the news outlet.

Alternatively, IntraFi might pursue an initial public offering.

Blackstone and Warburg have not yet made a final decision and could opt to keep the business, the report added.

Blackstone declined MT Newswires' request for comment. Warburg and IntraFi did not immediately respond.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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