Payment processing firm ended weeks of speculation by opting for an £890m IPO over a bid from its French rival Ingenico Worldpay has pushed the button on a flotation that could value the payments processing company at more than £6bn in the biggest UK initial public offering since 2011.
The company,chaired by the former CBI president Sir Mike Rake, ended weeks of speculation by opting for an IPO over a bid from its French rival Ingenico. Its private equity owners, and Advent and Bain Capital,place the planned flotation on hold final week as Ingenico showed signs that it might increase its £6.6bn bid.
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Source: theguardian.com