Shift4 Payments (FOUR) Announces Proposed 10M Class A Share Offering

Shift4 Payments, Inc. (NYSE: FOUR), a leading independent provider of integrated payment processing and technology solutions, today announced that it intends to offer 2,000,000 shares of its Class A common stock for sale in an underwritten public offering. Certain selling stockholders also intend to offer 8,000,000 shares of Shift4’s Class A common stock for sale in the offering. The selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Shift4’s Class A common stock.

Shift4 intends to use its net proceeds from the offering to purchase LLC interests directly from Shift4 Payments, LLC at a price per unit equal to the public offering price per share of the Class A common stock in this offering less the underwriting discount and commissions. Shift4 Payments, LLC intends to use the net proceeds it receives from the sale of LLC interests to Shift4 for general corporate purposes. Shift4 will not receive any proceeds from the sale of shares by the selling stockholders.

Goldman Sachs & Co. LLC, Credit Suisse and Citigroup are serving as joint active bookrunners.

You May Also Be Interested In

• Bunge prices $600 million senior notes offering due 2031
• Shift4 Payments (FOUR) PT Lowered to $68 at DA Davidson
• Aeternum adds West Point advisor John Melkon to its board