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Worldpay, the UK payment processing company, floated for Pound2.16bn on Tuesday, in the largest initial public offering in London since Glencore's in 2011, and the fifth largest in Europe since the financial crisis.
On their first day of trading, the shares shot up 10.4%, to close at Pounds 2.65, even as the FTSE 100 fell 0.45%.
Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley led the deal. Barclays, Credit Suisse and UBS were bookrunners.
The deal consisted of 900m shares, 505.1m of them existing shares sold by owners Advent International and Bain Capital, and the rest new shares.
The company will receive Pounds 947.8m from the primary offer, and the private equity funds Pounds 1.21bn.
On admission, 2bn shares were in issue, at an offer...