First Data Prices Its IPO At $16 Per Share, Raising $2.56 Billion

Wall Street First Data priced its IPO tonight at $16 per share, beneath the expected range of $18 to $20, according to Bloomberg. Selling 160 million shares, the payments-processing company will raise $2.56 billion in its flotation, making it the largest IPO of the year. The pricing news comes directly on the heels of Square, a competing payments company, which revealed its IPO filing after the bell. Read More

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