Tag Archives: fdc

First Data IPO Shows Continued Weakness In New Issues

Weakness in the IPO market continued Thursday, as electronic-payments-processing giant First Data (FDC), the largest new issue this year, struggled to get out the door. First Data priced late Wednesday at 16, below its estimated range of 18 to 20. The IPO raised $2.6 billion, below plans to raise $3 billion. The stock opened at 16.39 and remained up a fraction much of the day, but closed down 1.6%, at 15.75. The initial public offering still

First Data IPO Plan Too Big, Could Flop

Reviews on the initial public offering of First Data (FDC), scheduled to price later Wednesday, are flashing caution signals, in what is set to be the largest IPO this year. The electronic payments processing giant plans to raise about $3 billion, offering 160 million shares at a price range of 18 to 20. That would surpass Tallgrass Energy (TEGP), which raised $1.2 billion with its IPO on May 6. The First Data IPO is expected to price after the