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KKR-backed First Data sets IPO range

Oct 02, 2015 - The Deal Pipeline

First Data Corp. has revealed plans to raise nearly $3.7 billion in what could be the year's biggest initial public offering. The New York payment processing company, backed by Kohlberg Kravis Roberts & Co. LP (KKR), on Thursday, Oct.

1, said in an amended Form S-1 with the Securities and Exchange Commission that it intended to sell 160 million shares of Class A common stock at $18 to $20 per share, which would raise between $2.88 billion and $3.2 billion. Underwriters led by Citig...