French payment processor Worldline is set to be spun off by its parent Atos in an initial public offering (IPO) valued at €610 million. Worldline will issue around €255 million of new shares and 355 million of existing shares for a price between €16.40 and €20 per share.
Worldline is set for an IPO
Atos will retain a stake of around 70%, valuing the business at over €2 billion. Worldline will use the proceeds to spend up to €1 billion on acquisitions. According to Worldline, the IPO comes at a time when the convergence of digital and mobile payments and an evolving regulatory landscape are opening up new opportunities for growth.
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