First Data Priced, NYSE: FDC

Provides payment processing to merchants and financial institutions.

Industry: Technology

Latest Trade: $18.75 +0.18 (+1.0%)

First Day Return: -1.6%

Return from IPO: +16.1%

Industry: Technology

First Data sits at the center of global electronic commerce. We believe we offer our clients the most complete array of integrated solutions in the industry, covering their needs across next generation commerce technologies, merchant acquiring, issuing, and network solutions. We serve our clients in 118 countries, reaching approximately 6 million business locations and over 4,000 financial institutions. We believe we have the industry’s largest distribution network, driven by our partnerships with many of the world’s leading financial institutions, our direct sales force, and a network of distribution partners. We are the largest merchant acquirer, issuer processor, and independent network services provider in the world, enabling businesses to accept electronic payments, helping financial institutions issue credit, debit and prepaid cards, and routing secure transactions between them. In 2014, we processed 74 billion transactions globally, or over 2,300 per second, and processed 28% of the world’s eCommerce volume. In our largest market, the United States, we acquired $1.7 trillion of payment volume, accounting for nearly 10% of U.S. GDP last year.
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IPO News for First Data
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IPO Data
IPO File Date 07/20/2015
Offer Price $16.00
Price Range $18.00 - $20.00
Offer Shares (mm) 160.0
Deal Size ($mm) $2,560
IPO Data
IPO Date 10/14/2015
Offer Price $16.00
Price Range $18.00 - $20.00
Offer Shares (mm) 160.0
Deal Size ($mm) $2,560
Underwriters
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Company Data
Headquarters New York, NY
Founded 1989
Employees 23,000
Website www.firstdata.com