Shift4 Payments Announces Pricing of Initial Public Offering
05 Juin 2020 - 2:44AM
Business Wire
Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), a leading
independent provider of integrated payment processing and
technology solutions, today announced the pricing of its initial
public offering of 15,000,000 shares of its Class A common stock at
a public offering price of $23.00 per share. The underwriters will
also have a 30-day option to purchase up to an additional 2,250,000
shares of Class A common stock at the initial public offering price
less the underwriting discount and commissions. Concurrent with the
initial public offering, Shift4 Founder & CEO Jared Isaacman
has agreed to purchase in a private placement $100 million of Class
C common stock at the initial public offering price less the
underwriting discount and commissions.
The shares of Class A common stock are expected to begin trading
on the New York Stock Exchange under the ticker symbol “FOUR” on
June 5, 2020. The offering is expected to close on June 9, 2020
subject to customary closing conditions.
Citigroup, Credit Suisse and Goldman Sachs & Co. LLC (listed
in alphabetical order) are serving as joint active bookrunners.
BofA Securities, Morgan Stanley, RBC Capital Markets and Evercore
ISI are acting as joint passive bookrunners. Raymond James,
SunTrust Robinson Humphrey, Wolfe Capital Markets and Advisory,
Citizens Capital Markets, Scotiabank, TD Securities and Telsey
Advisory Group are acting as co-managers.
A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission on June 4,
2020. The offering is being made only by means of a prospectus.
Copies of the final prospectus relating to this offering, when
available, may be obtained from Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel:
800-831-9146 or email to: Prospectus@citi.com), from Credit Suisse
Securities (USA) LLC, Attn: Prospectus Department, 11 Madison
Avenue, 3rd Floor, New York, NY 10010 (Tel: 800-221-1037 or email
to usa.prospectus@credit-suisse.com) or from Goldman Sachs &
Co. LLC, Attn: Prospectus Department, 200 West Street, New York NY
10282.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Shift4 Payments:
Shift4 Payments is a leading independent provider of integrated
payment processing and technology solutions, delivering a complete
ecosystem of solutions that extend beyond payments to include a
wide range of value-added services. The company’s technologies help
power over 350 software providers in numerous industries, including
hospitality, retail, F&B, e-commerce, lodging, gaming, and many
more. With over 7,000 sales partners, the company securely
processed more than 3.5 billion transactions annually for over
200,000 businesses in 2019.
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version on businesswire.com: https://www.businesswire.com/news/home/20200604005810/en/
Investor Relations: Sloan Bohlen 610.596.4475
investors@shift4.com
Media Contacts: James McCusker Managing Director Solebury
Trout jmccusker@soleburytrout.com
Nate Hirshberg Vice President, Marketing Shift4 Payments
nhirshberg@shift4.com
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