Shift4 Payments (FOUR) Opens at $33.10, Priced at $23

Today's IPO for Shift4 Payments (NYSE: FOUR) opened for trading at $33.10 after pricing 2,250,000 shares of Class A common stock at $23 per share. The underwriters will also have a 30-day option to purchase up to an additional 2,250,000 shares of Class A common stock at the initial public offering price less the underwriting discount and commissions.

Citigroup, Credit Suisse and Goldman Sachs & Co. LLC (listed in alphabetical order) are serving as joint active bookrunners. BofA Securities, Morgan Stanley, RBC Capital Markets and Evercore ISI are acting as joint passive bookrunners. Raymond James, SunTrust Robinson Humphrey, Wolfe Capital Markets and Advisory, Citizens Capital Markets, Scotiabank, TD Securities and Telsey Advisory Group are acting as co-managers.

Shift4 Payments is a leading independent provider of integrated payment processing and technology solutions, delivering a complete ecosystem of solutions that extend beyond payments to include a wide range of value-added services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019.

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