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TSG in The Green Sheet: A Week to Remember for Payments IPOs

The week of Oct. 12 to 16, 2015, was a historic one for payments industry IPOs, with Worldpay Group plc going public Oct. 13 on the London Stock Exchange and two days later First Data Corp. on the New York Stock Exchange. Before the week was over, two more companies had filed registration statements with the U.S. Securities and Exchange Commission for proposed IPOs, Square Inc. on Oct 14 and TransFirst LLC on Oct. 16.

Capital investment in the financial technology sector has been consistent as competition heats up nationally and globally. “Current public payment stocks such as Visa, Vantiv and MA [MasterCard] have been strong performers,” said Jared Drieling, Business Intelligence Manager for The Strawhecker Group. “This clearly indicates that some of the major investment firms and equity groups feel that this is an ideal time to offload or minimize their investments in these payment companies since the payments market is hot.”

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