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First Data, the largest merchant acquirer (spun out of AMEX years ago) is going public on Thur. with $18B in debt. They were taken private 7 years ago for $30B.
by narrowrail 11y ago
First Data, the largest merchant acquirer (spun out of AMEX years ago) is going public on Thur. with $18B in debt. They were taken private 7 years ago for $30B. Go figure.
Edit: Here's First Data's S-1:
http://www.sec.gov/Archives/edgar/data/883980/000119312515334479/d31022ds1a.htm http://www.sec.gov/Archives/edgar/data/883980/00011931251533...
- hkmurakami 11y agoWell that sounds like a classic LBO style series of events, which should be in a separate category from IPOs that are reached through somewhat more natural means.