Dubai-based Network International, a payments solutions provider, has secured 1.1 billion pounds ($1.4 billion) in a stock market listing.

Under the financing deal, Network International sold 200 million shares for $5.66 each, giving the company a market value of $2.9 billion.

The cornerstone investor, Mastercard Inc., purchased an additional 49.95 million shares of Network International.

Additionally, underwriters also have the option to purchase additional shares in an overallotment option.