tegp – Scalper1

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

First Data Set To Be Largest IPO Of 2015, At $3 Bil

Electronic payments processor First Data plans to raise $3 billion in what is set to be the largest initial public offering this year. First Data, which KKR (KKR) took private eight years ago for $25.6 billion, is offering 160 million shares at 18 to 20. That would value First Data at about $17.6 billion. It’s among seven IPOs planned for this week. The IPO would surpass Tallgrass Energy (TEGP) as the largest this year. Tallgrass raised $1.2