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First Data rises 2.6 pct in debut, valued at $14.4 bln
October 15, 2015 / 2:15 PM / 2 years ago

First Data rises 2.6 pct in debut, valued at $14.4 bln

Oct 15 (Reuters) - Shares in First Data Corp rose 2.6 percent in their debut on Thursday, valuing the payment processor at $14.42 billion in the largest initial public offering this year.

The company raised $2.56 billion by selling 160 million shares at $16 each, below the indicated range of $18 to $20. (Reporting by Rachel Chitra and Richa Naidu in Bengaluru; Editing by Ted Kerr)

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