The FINANCIAL — Payment technology company First Data Corporation began trading on October 15 on the New York Stock Exchange (NYSE) under the ticker symbol “FDC,” after its initial public offering. First Data raised $2.5 billion in gross proceeds and is the largest U.S. IPO of the year. Barclays is the NYSE Designated Market Maker for the company’s stock.
Chairman and CEO Frank Bisignano, accompanied by members of First Data’s management committee, celebrated the company’s first day of trading by visiting the trading floor to witness the stock open, according to Intercontinental Exchange.
“The NYSE is delighted to welcome First Data Corporation, a global leader in payment processing and the largest U.S. IPO of 2015, to our growing community of the world’s most innovative technology companies,” said NYSE President Tom Farley. “We congratulate the First Data team on its IPO, and we are proud to mark this exciting new chapter for the company and their shareholders.”
“Today marks the start of an exciting new chapter for First Data,” said Frank Bisignano, Chairman and CEO of First Data. “We have undergone a major transformation in the past two years. We have built a client-centric business in which our primary focus is to help our clients grow their business. The initial public offering is another step in our transformation, and we appreciate the support we received from such a high quality group of new shareholders.”
Building upon four consecutive years of global leadership in capital raising, the NYSE continues to maintain its position as the venue of choice for technology IPOs in the U.S. since 2012. Year-to-date, NYSE IPOs have raised over $17 billion in combined proceeds, which is 64% of all proceeds raised from qualifying U.S. IPOs. This total includes $5.7 billion in combined proceeds raised from tech IPOs, which represents 79% of all capital raised from tech IPOs.