IPO

EVO Files To Go Public

EVO Payments International announced that it has filed paperwork for an initial public offering (IPO).

The payment service provider, which operates throughout North America and Europe, publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC). The proposed IPO will offer an undetermined number of shares of Class A common stock of EVO.

The price range for the stock has not yet been determined. EVO intends to list its stock on the NASDAQ Global Select Market under the ticker symbol “EVOP.”

JPMorgan, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities and SunTrust Robinson Humphrey are acting as the lead book-running managers for the proposed offering, and JPMorgan is acting as representative of the underwriters for the offering. The proposed offering will be made only by means of a prospectus.

EVO provides merchant acquiring and processing solutions for merchants, independent software vendors (ISVs), financial institutions, independent sales organizations (ISOs), government organizations and multinational corporations throughout North America and Europe. It is a principal member of Visa and Mastercard.

EVO also announced today that is partnering with MONETA Money Bank, a leading bank in the Czech Republic, to provide payment acceptance services to MONETA’s merchant customers.

EVO, which already does business in the country, will provide MONETA’s merchants with a full suite of secure processing services, innovations in digital transactions and advanced technologies to support the bank’s strategic growth objectives in commercial banking.

“Our partnership with EVO is a significant expansion of our product offering for commercial customers,” said Erik Howell, head of small business products and marketing for MONETA. “The alliance gives us a market-leading platform to expand our transactional banking services while meeting the ever-changing payments needs of our merchants. Providing best-in-class solutions from EVO to our valued customers supports their continued business growth.”

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