Heartland Payment Systems prices IPO at $18 per share

Source: Heartland Payment Systems

Heartland Payment Systems, Inc. (NYSE:HPY) announced today the initial public offering of 6,750,000 shares of its common stock, 2,622,046 of which are being sold by Heartland and 4,127,954 of which are being sold by certain selling stockholders of Heartland, at a price of $18.00 per share.

Heartland and the selling stockholders have also granted the underwriters a 30-day option to purchase up to 136,500 additional shares from Heartland and 876,000 additional shares from the selling stockholders to cover over-allotments, if any.

The offering is being made through an underwriting syndicate led by Citigroup Global Markets Inc. as the sole bookrunning manager of the offering with Credit Suisse First Boston LLC, as lead manager, Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., KeyBanc Capital Markets, a division of McDonald Investments Inc. and SunTrust Capital Markets, Inc., acting as co-managers.

A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission.

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