UK payments firm Worldpay opens books for jumbo UK listing

October 1, 2015 10:44 AM

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LONDON Oct 1 Books have opened for the London stock market flotation of UK payments processing firm Worldpay, with the company seeking a market capitalisation of up to 5.2 billion pounds ($7.87 billion), a bookrunner said on Thursday.

The company, owned by private equity firms Advent and Bain, said in September that it would seek to raise net proceeds of around 890 million pounds to pay down debt, which currently totals around 2 billion pounds.

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