initial public offerings (IPOs) trading on American exchanges

Thursday, October 15, 2015

First Data (FDC) began trading on the NYSE on October 15, 2015

  • U.S. payment processing company First Data Corp, controlled by private equity firm KKR & Co LP, raised $2.56 billion in its stock market debut, a steep drop from the $3.7 billion originally targeted. Its shares ended down 1.6 percent.
  • The year's biggest debut, raising $2.6 billion, First Data was the latest survivor from the 2007 LBO boom to hit the market. The payments processor has bet on technology efforts under CEO Frank Bisignano, a former JPMorgan executive.

First Data Chairman and Chief Executive Frank Bisignano (C) celebrates during his company's initial public offering on the floor of the New York Stock Exchange October 15, 2015.

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