DailyPay, a financial services firm that helps workers access their pay early, has kicked off preparations for a potential U.S. stock market listing that could come as soon as the second half of the year, Reuters’ David French and Milana Vinn report, citing people familiar with the matter. The New York-based company is in talks to hire investment bankers for its planned initial public offering that could value the company between $3B-$4B, the sources said. DailyPay, which charges its customers a small fee for the service, counts the likes of Target (TGT), Kroger (KR) and Hilton (HLT) among its clients.
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