Raising $2.56B In IPO, First Data Opens Only 2.4% Up At $16.39, Closes Below IPO Price At $15.83
After payments processor First Data priced its initial public offering at $16 per share last night, below the expected range of $18-$20, all eyes were on the company to see how the year’s biggest IPO — raising $2.56 billion — would perform in its debut. Ultimately, there were no fireworks. Trading under the FDC ticker on the New York Stock Exchange, First Data’s… Read More
