IPO

EVO Payments Prices IPO In $14 to $16 A Share Range

EVO Payments International announced on Thursday (May 10) that it has launched a roadshow for its initial public offering.

In a press release, the company said the IPO is being priced at between $14 and $16 a share, with the offering including 666,667 shares of Class A common stock. EVO said it expects to grant underwriters a 30-day option to buy an additional 2.1 million shares at the IPO price, less the underwriting discounts and commissions to cover over-allotments. The stock is expected to trade on the NASDAQ Global Select Market under the ticker symbol “EVOP.”

JPMorgan, Bank of America Merrill Lynch, Citigroup, Deutsche Bank Securities and SunTrust Robinson Humphrey are acting as the book-running managers for the IPO, and JPMorgan is acting as representative of the underwriters for the proposed offering. Barclays, Cowen Group, Goldman Sachs, PKO BP Securities, Regions Securities and William Blair are also acting as book-running managers for the proposed offering.

In late April, EVO filed with the Securities and Exchange Commission (SEC) in the U.S. to go public via an IPO. 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.

In conjunction with filing its IPO, EVO also announced it was 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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