Vantiv, which provides payment processos to merchants to enable credit, debit and prepaid payments, announced terms for its IPO on Thursday. The Symmes Township, OH-based company plans to raise $500 million by offering 29.4 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, Vantiv would command a market value of $3.65 billion. Vantiv, which was founded in 2009 and booked $1.6 billion in sales in 2011, plans to list on the New York Stock Exchange under the symbol VNTV. J.P. Morgan, Morgan Stanley, Credit Suisse, Goldman Sachs and Deutsche Bank are the lead underwriters on the deal.
