When Did FDC Launch Their IPO?
Sophia FloerschWhen Did FDC Launch Their IPO?
FDC, or First Data Corporation, is a global payment technology solutions company that provides services to financial institutions, governments, and businesses of all sizes. Its IPO, or initial public offering, was launched on October 15, 2015.
What is an IPO?
An IPO is a process in which a private company goes public by offering its shares to the public for the first time. It is a significant event for the company as it provides an opportunity to raise capital, increase public awareness, and potentially increase the company's value.
FDC's IPO Details
FDC's IPO was launched on October 15, 2015, with an initial offering price of $16 per share. The company offered 160 million shares, which raised $2.6 billion and made it one of the largest IPOs of the year. The shares were listed on the New York Stock Exchange under the ticker symbol FDC.
Why Did FDC Go Public?
FDC went public to raise capital to pay off its debt and fund its growth initiatives. The company had been burdened with a significant amount of debt due to its leveraged buyout in 2007 by private equity firm KKR. Going public allowed FDC to restructure its debt and improve itsfinancial position.
FDC's Performance Since Going Public
FDC's performance since going public has been mixed. The company's revenue has increased, but its profits have been inconsistent. In 2018, FDC reported revenue of $9.5 billion, up from $6.3 billion in 2015, but its net income was only $1.2 billion, down from $1.4 billion in 2015.
Investing in FDC
Investing in FDC can be a good option for investors who believe in the growth potential of thepayment technology industry. However, investors should be aware of the risks involved, including the competitive landscape, regulatory changes, and the potential for cyberattacks. It is also important to conduct thorough research and analysis before making any investment decisions.
Conclusion
FDC's IPO in 2015 was a significant event for the company and the payment technology industry. While its performance since going public has been mixed, FDC's revenue growth and potential for future growth make it an attractive investment option for some investors. As with any investment, it is important to conduct thorough research and analysis before making any decisions.
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