London Stock Exchange welcomes Worldpay Group plc to the Main Market
London Stock Exchange today welcomed Worldpay Group plc to the Main Market, the largest company to list on the exchange for four years.
Based on the Offer Price of 240p, the market capitalisation of Worldpay at the commencement of conditional dealings will be approximately £4,800 million. At Admission, the Company will have 2,000,000,000 Ordinary Shares in issue with a free float of 45% (assuming no exercise of the over-allotment option).
Worldpay is a leader in global payments. It provides a broad range of technology-led solutions for approximately 400,000 customers worldwide, helping its customers prosper by offering them a suite of payment acceptance products and services.
It is one of the few truly global businesses able to provide payments in-store, online or through mobile devices with 326 local and alternative methods of payment providing access to a global payments network.
In this way, it can offer its customers the opportunity to accept payments of almost any type, across multiple payment channels, nearly anywhere in the world using reliable and secure proprietary technology platforms that help merchants make more sales, reduce their costs and reduce their risk of fraud.
Philip Jansen, Chief Executive Officer of Worldpay, said:
“Today’s announcement is a significant milestone for Worldpay. We are proud to be a leader in global payments with a clear strategy for continued growth as a listed company. We have already invested over £1 billion in our technology, people and capabilities, helping us to become an advanced and sophisticated technology-led organisation with great potential. We welcome our new investors and thank them for the strong interest they have shown in the offer. We look forward to developing as a public company and all the opportunities this will bring.”