Deals
First Data Seeks to Raise as Much as $3.2 Billion in IPO
- Deal may be biggest U.S. initial public offering this year
- Top end of range would value company at about $17.58 billion
First Data IPO to Offer 160 Million Shares at $18-$20
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First Data Corp., the payments processor taken private by KKR & Co. eight years ago, is seeking to raise as much as $3.2 billion in what’s poised to be the biggest U.S. initial public offering this year.
The New York-based company is selling 160 million shares priced at $18 to $20 each, according to a regulatory filing Thursday. At the top end of the range, the sale would value the company at about $17.58 billion, based on the 879 million million shares of common stock that will be outstanding after the offering.