August 24, 2016
Report: Worldpay Goes IPO
Sept. 21, 2015
U.K.-based e-commerce acquirer and processor Worldpay, which has been courted by several high-profile companies as a possible acquisition target worth up to $9 billion, seems to have resolved to go the IPO route, according to a regulatory filing made public on Friday. Advent International and Bain Capital Partners, the private-equity owners of Worldpay, have spurned offers from Ingenico, Wirecard and perhaps others and expect an IPO to raise about $1.4 billion.
According to the filing, Worldpay will list its shares on the London Stock Exchange. The filing also revealed Worldpay holds a 6 percent stake in Visa Europe worth more than $15 billion. Post-IPO, the private equity firms and other shareholders would reap 90 percent of the sale of that stake, with publicly traded Worldpay retaining 10 percent.