Monday, March 31, 2014

Mercury Payment Systems Files For IPO

Durango, Colorado-based Mercury Payment Systems, which provides payment processing services, has filed for an IPO, saying that it is looking to raise up to $100M in its initial public offering. The company said it has applied to list on the Nasdaq Global Select Market as MPS. The firm's IPO is being underwritten by J.P. Morgan, Barclays, and Morgan Stanley. The company is majority owned by Silver Lake Partners, and the company said Silver Lake will continue to be the majority owner of the company even after the IPO.