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From: hugeminds (Rep: 51)Date: 09/22/2015 12:23
Forum: Wall Street Pit - Msg #2570889Thread #673780881 (Rec: 0)
UK payments firm Worldpay opts for an IPO to raise $1.4 billion

French payments processing firm Ingenico said on Monday it had abandoned discussions to take over British rival Worldpay Group Ltd, just days after the target said it would go ahead with a listing of its shares instead.

Worldpay (IPO-WORLD.L) said on Friday it planned to raise about 890 million pounds ($1.4 billion) in an initial public offering (IPO).

A person familiar with the matter had previously said France-based Ingenico had offered as much as 6.6 billion pounds including debt.

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