16 January 2017
visit http://www.wolterskluwerfs.com

Worldline preps EUR610m IPO

16 June 2014  |  3671 views  |  0 cash

French IT giant Atos is splitting off its electronic payments unit Worldline in an initial public offering that will raise around EUR610 million.

Worldline will issue around EUR255 million of new shares and 355 million of existing shares based on a midpoint of a price of between EUR16.40 and EUR20 per share. Trading on Euronext Paris is expected to start on 27 June.

Atos will keep a stake of around 70%, valuing the business at over EUR2 billion. Worldline CEO Gilles Grapinet says that the unit will now look to spend up to EUR1 billion on acquisitions.

Says Grapinet: "The IPO marks a new chapter in Worldline's history and will open exciting opportunities for the group, its clients and its employees. It comes at a unique moment of opportunity for growth, thanks to the convergence of three phenomena: the digital and mobile revolution, the changes in the regulatory framework for the European payments sector and the shift in strategy by many banks following the financial crisis.

"As an innovative high-tech market leader in the European e-payments market, our IPO will help us take advantage of the forthcoming consolidation and future growth of the sector."
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Atos to spin off payments business

Atos to spin off payments business

21 February 2013  |  9937 views  |  0 comments | 13 tweets | 5 linkedin
Atos Worldline ships ready-to-go NFC mobile wallet

Atos Worldline ships ready-to-go NFC mobile wallet

17 September 2012  |  7502 views  |  0 comments
SIA buys out Sinsys JV partner Atos Worldline

SIA buys out Sinsys JV partner Atos Worldline

07 September 2012  |  6582 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
Five fintech surprises for 2017Five fintech surprises for 2017
14361 views comments | 51 tweets | 46 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
10508 views comments | 34 tweets | 28 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
8296 views comments | 29 tweets | 42 linkedin
Belgium builds fintech bridge to LondonBelgium builds fintech bridge to London
6987 views comments | 25 tweets | 6 linkedin
ECB consults on development of pan-EU settlement service for instant paymentsECB consults on development of pan-EU sett...
6884 views comments | 16 tweets | 39 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job