Comment on First Data eyes $3.7 billion IPO

First Data eyes $3.7 billion IPO

Atlanta-based First Data Corp. could raise up to $3.7 billion in its proposed IPO, the company noted in a regulatory filing. First Data plans to sell 160 million shares at $18-$20 a share, according to an S-1 filing with the Securities & Exchange Commission on Oct. 1. The IPO underwriters may purchase up to an additional 24 million shares from First Data at the initial public offering price. First Data stock will trade on the New York Stock Exchange under the symbol “FDC.” The targeted market…

 

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