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WSJ: First Data looking to raise $3B in IPO

Sep. 21, 2015 3:38 PM ETFiserv, Inc. (FI) StockFI, KKRBy: Stephen Alpher, SA News Editor1 Comment
  • Earlier in September, Bloomberg reported payment procession gorilla First Data (FDATA) would aim to raise at least $2.5B in an IPO coming as soon as this month. The WSJ today says the number is $3B and a filing with details could come today, with trading maybe starting by mid-October.
  • The IPO is expected to value the company at between $20B and $25B, says the Journal, maybe beginning to offer a positive ROI for KKR which bought the company at the peak of buyout boom for nearly $30B. KKR at one point marked down the value of its investment to as low as $0.60 on the dollar.
  • Previously: Bloomberg: First Data IPO could come this month (Sept. 9)

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