London Stock Exchange welcomes Worldpay

  • Largest ever UK Fintech IPO – company valued at £4.8bn  
  • Raises total of £2.16bn at IPO
  • Largest ever European private equity backed IPO by money raised
  • Confirms London’s leading role as global listing venue for high growth technology companies

London Stock Exchange today welcomes Worldpay, the leading global payments company, to the Main Market, following the company’s £4.8 billion IPO. Raising total gross proceeds of £2.16 billion, it is the largest company to list in London this year and one of the largest IPOs ever by a UK company.

To celebrate the occasion, Philip Jansen, CEO, Worldpay opened trading this morning at London Stock Exchange.

The Prime Minister, the Rt Hon. David Cameron MP said:

“It's fantastic news that Worldpay has listed on the London Stock Exchange today - the largest ever UK FinTech IPO. This shows real confidence in our long term economic plan and helps cement London as the world's leading location for this sector.”

Xavier Rolet, CEO, London Stock Exchange Group said:

"Ensuring that the UK’s fastest growing and most innovative finance and technology companies have access to equity capital is a priority for London Stock Exchange. By raising capital on London Stock Exchange companies like this can continue to invest and drive economic growth. The fact Worldpay has chosen to raise capital here confirms London’s position as the leading global financial centre able to attract the world’s most important new companies and highlights the exceptional investor appetite for dynamic companies. We look forward to welcoming more fast growing British and international businesses to our markets.”

Philip Jansen, Chief Executive Officer, 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 a modern 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.”

Worldpay is a leader in global payments, providing a broad range of technology-led solutions to its merchant customers, to allow them to accept payments of almost any type, across multiple payment channels, nearly anywhere in the world. Worldpay is one of the few global businesses able to offer functionality in most aspects of payment acceptance, whether in-store, online or on a mobile device, by providing access to a global payments network through an integrated, proprietary global payments platform.

 

 

- Ends -

For further information: 

Media

 

Tom Gilbert

 

+44 (0)20 7797 1222

newsroom@lseg.com

 Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.

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Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.

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Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.

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