Worldpay to Sell Shares on the London Stock Exchange
- Advent, Bain to get most of proceeds from any Visa Europe sale
- Ingenico shares rise as Worldpay rebuffs French company's bid
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The private-equity owners of Worldpay Group Plc decided to pursue an initial public offering in which the U.K. payments processor will raise about 890 million pounds ($1.4 billion), rebuffing a bid by Ingenico Group of France.
Worldpay plans to list its shares on the London Stock Exchange, it said in a regulatory statement Friday. The company’s publicly traded shares are expected to be at least 25 percent of outstanding stock. Advent International Corp. and Bain Capital Partners may also sell part of their stakes.