Colo. ISO Files for IPO
March 31, 2014
On Friday, Mercury Payment Systems announced it has filed registration papers with the Securities and Exchange Commission proposing an initial public offering that could net the company $100 million. Several analysts have been quoted in public reports saying that number could double or even triple at actual IPO. The Durango, Colo.-based ISO had reportedly been exploring the move for months.
Founded in 2001, founding brothers Marc and Jeffrey Katz sold more than 60 percent of the company to private equity firm Silver Lake Group in 2010. The SEC filing did not disclose the number of shares to be offered or the price range for the offering. The deal is being underwritten by J.P. Morgan, Barclays and Morgan Stanley.