Sep
09
First Data Said to Seek $2.5 Billion in Year’s Biggest U.S. IPO
By-
Shares may trade this month depending on markets, roadshow
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Deal would surpass this year’s offerings by Tallgrass, Fitbit
First Data Corp., the payments company with investors led by KKR & Co., plans to seek at least $2.5 billion in what would be the biggest U.S. initial public offering this year, according to people with knowledge of the matter.
The stock could start trading by the end of this month, according to the people, one of whom described it as an acceleration of earlier plans. The price and timing are subject to change depending on stock-market volatility and how investors react to a pending roadshow, the people said. First Data filed in July to sell stock, without specifying a fundraising target or timing…
First Data Said to Seek $2.5 Billion in Year’s Biggest U.S. IPO
