Payments processor Worldpay Group PLC on Tuesday priced its initial public offering at 2.40 pounds a share ($3.69), giving it a market value of £4.8 billion and making it the biggest U.K. IPO in 2015. The shares started conditional trading Tuesday morning and rose 2.5% above the IPO price, according to media reports. The company said it expects to be included in the FTSE UK Index Series at the quarterly review in December. “We have already invested over £1 billion in our technology, people and capabilities, helping us to become an advanced and sophisticated technology-led organisation with great potential,” Philip Jansen, Worldpay’s chief executive, said in the IPO announcement. Worldpay was sold by Royal Bank of Scotland Group PLC
to Advent International Corp. and Bain Capital LLC in 2010 for about £2 billion. It Worldpay will trade under the ticker “WPG”.
View more information: https://www.marketwatch.com/story/worldpay-prices-ipo-floats-in-biggest-london-listing-in-2015-2015-10-13