Worldpay is set to float

Lauren Fedor
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THE OWNERS of payments processing company Worldpay are getting ready for a £6bn stock market listing, hiring six banks to lead the initial public offering (IPO).

Sky News first reported that Worldpay’s owners, Advent International and Bain Capital, are close to appointing Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley as global co-ordinators for the share sale. Barclays, Credit Suisse and UBS have also been chosen to act as bookrunners on the deal, according to the Sky report.

Worldpay’s IPO will come nearly five years after the company was sold by RBS in a deal worth close to £2bn.

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