June 5, 2020 / 3:42 PM / a month ago

Shift4 Payments surges nearly 44% in market debut

June 5 (Reuters) - Shares of payments technology company Shift4 Payments Inc jumped nearly 44% in their U.S. market debut on Friday, at a time when online transactions are seeing a jump amid coronavirus-led lockdowns.

The company on Thursday raised about $345 million in its initial public offering (IPO) after pricing its shares at $23 per share, well above the target range of $19-$21. (Reporting by C Nivedita; Editing by Ramakrishnan M.)

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