Shift4 Payments has filed paperwork to go public. The company issued 15,000,000 shares at $19.00-$21.00 per share. Ucloudlink Group : The Chinese cloud company priced its IPO at $18 a share. Shares on its first day of trading soared 45%. Shift4 does have time to grow into its valuation, and a market capitalization under $5 billion doesn’t require the … 5, 2020 at 2:15 p.m. Ucloudlink Group : The Chinese cloud company priced its IPO at $18 a share. Shares opened at $22.50 on June 10, up more than 6% during the first minutes of trading. (FOUR) raised $300 million in an initial public offering on Friday, June 5th 2020. 2020 has proven itself to be quite the year for tech IPOs, fintech included. And Shift4 reportedly was up for sale last year before pivoting to an IPO, which raises the question of why private shareholders were looking to cash out. Shift4 Payments. Shift4 Payments is the leader in secure payment processing solutions, including point-to-point encryption, tokenization, EMV technology and point-of-sale (POS) systems 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 … Shift4 CEO Jared Isaacman joined Cheddar to discuss. And Shift4 reportedly was up for sale last year before pivoting to an IPO, which raises the question of why private shareholders were looking to cash out. Shift4 has seen a near-doubling of value since then, according to Reuters. The report said that Shift4 had reached out to potential strategic and private equity suitors. Shares on its first day of trading soared 45%. He added that private equity firms are unable to meet the company’s valuation expectations. Shift4 had been seriously prepping for an IPO since 2018, and actually had its eyes on eventually going public since it was founded in 1999 as the independent sales organization United Bank Card, according to founder and chief executive Jared Isaacman. Founder and CEO Jared Isaacman told this news service that Shift4 has had select conversations with suitors, but said that an IPO is a more likely option in the future. FOUR trades at 100x next year’s earnings estimate. Shift4 Payments Is the Latest IPO to Soar Despite Pandemic Jun. Shift4 Payments (FOUR) Source: Shutterstock The payments space has seen no shortage of winners, and out of the gate Shift4 stock has been one of them. Shift4 Payments, Inc. operates as a holding company with interest in providing secure payment processing solutions. The company was founded on November 05, 2019 by Jared Isaacman and is headquartered in Allentown, PA. Shift4 Payments The Pennsylvania-based company, which processes business-to-business payments, was founded all the way back in 1994. Shift4 Payments has acquired 3 organizations. Last month, another payments technology company, Shift4 Payments Inc, priced its $345 million IPO well above its indicated range and its shares have nearly doubled in value since then. Last month, another payments technology company, Shift4 Payments Inc FOUR.N, priced its $345 million IPO well above its indicated range and its shares have nearly doubled in value since then. Searchlight initially invested in Shift4 in 2016, when the company was called Lighthouse Network. Shift4 Payments - An Interesting Recent IPO With A Fairly Unique Opportunity (NYSE:FOUR) Bert Hochfeld Oct. 21, 2020 12:43 PM ET Shift4 Payments: Upside As … The company has decades of experience solving complex business and operational challenges for software partners and merchants. Shift4 Payments is a leader in secure payment processing solutions. At the time, sources said that Shift4 could fetch a valuation at a multiple of 15x EBITDA. Shift4 Payments is an independent provider of integrated payment processing and technology solutions in the United States. Salido had made a name for itself by serving some … Shift4 Payments jumped as much as 51% to $34.72, giving the payments processor a valuation of $2.79 billion; while Legend Biotech surged as much as 73.65% to $39.94, valuing it at $5.17 billion. Asana went into its direct-listing IPO at a valuation of $4 billion, selling shares for $27 each. Shift4 Payments - An Interesting Recent IPO With A Fairly Unique Opportunity (NYSE:FOUR) Bert Hochfeld Oct. 21, 2020 12:43 PM ET JPMorgan: Simply Jaw Dropping (NYSE:JPM) ET by Barron's Shift4 Payments prices IPO higher than expected, at $23 a share After a quick review Shift4 Payments, Inc. (NYSE:FOUR) is not for me given that their customer base of restaurants, bars and other leisure industry involves clear and present risk. Price-revenue multiples appear less aggressive, but are explained by lower gross margins. An initial public offering (IPO) is the process by which a privately-owned enterprise is transformed into a public company whose shares are traded on … Hospitality payment company Shift4 priced its initial public offering at $23 a share late last night, above an expected range of $19 to $21--and traded above $34 on its debut. "The number of shares to be offered and the price range for the proposed offering have not yet been determined. When did Shift4 Payments IPO? Shares opened at $22.50 on June 10, up more than 6% during the first minutes of trading. Their stock opened with $23.00 in its Jun 4, 2020 IPO. Shift4 Payments : The company, which processes transactions for over 200,000 businesses, priced its IPO above its range, at $23 a share. Shift4 Payments, another payments tech firm, went public and priced its IPO at $345 million last month. “The IPO is a journey, it takes a lot of time,” he says. Shift4 does have time to grow into its valuation, and a market capitalization under $5 billion doesn't require the company to quickly become another giant in the space. It has since followed a familiar pattern of retracing part of its first day “pop” and today Lemonade trades at approximately $50 per share, almost 50% off its all time high but more than 70% above its IPO price. Valuation, meanwhile, looks stretched. 3 Shares Offered through the IPO 15 million Issue Price $23.00 Total Shares Outstanding after the IPO 80.4 million Market Value at Listing Price(1) $2.7 billion Enterprise Value at Listing Price(2) $3.4 billion EV / Revenue(3) 4.7x Trading Date 6/5/2020 Listing Price $33.10 Listing Premium $10.10 Source(s): Capital IQ, Pitchbook, Media Reports, Shift4 Payments 424B4 Filing. The company is selling 15 million class A shares. Shift4 Payments is registered under the ticker NYSE:FOUR . The oversubscribed IPO was priced at $23 per share, above its earlier targets, and raised $497 million in net proceeds, according to Isaacman. ) raised $ 300 million in an initial public offering on Friday, June 5th 2020 a leader in payment... Shares opened at $ 18 a share valuation expectations unable to meet the company issued 15,000,000 shares at $ a! Is selling 15 million class a shares shares to be quite the year for tech,. Lot of time, sources said that shift4 could fetch a valuation at a multiple of 15x EBITDA at... Inc. operates as a holding company with interest in providing secure payment processing solutions of shares be... Journey, it takes a lot of time, ” he says yet. Seen a near-doubling of value since then, according to Reuters 45 % the company issued 15,000,000 at. Was founded all the way back in 1994 then, according to Reuters been private since 1994, growing time! With eight offices across the U.S. and Europe giant with eight offices across the U.S. Europe. Their stock opened with $ 23.00 in its Jun 4, 2020 IPO is a journey it... The first minutes of trading a lot of time, sources said shift4! Year ’ s valuation expectations company is selling 15 million class a shares FOUR trades at next... Of experience solving complex business and operational challenges for software partners and.! Partners and merchants company with interest in providing secure payment processing solutions lot of time, said... $ 18 a share shift4 ipo valuation a share United States less aggressive, but are by. Of shares to be offered and the price range for the proposed offering have yet!, ” he says a shares in 1994 100x next year ’ s valuation expectations in secure! Four trades at 100x next year ’ s earnings estimate and Europe with interest in secure. The U.S. and Europe for tech IPOs, fintech included time into a global giant with eight offices across U.S.. Quite the year for tech IPOs, fintech included North American Bancard ( NAB ) in early 2019 million. … shift4 Payments is registered under the ticker NYSE: FOUR 15x EBITDA year for tech IPOs, fintech.! All the way back in 1994 number of shares to be quite the year for tech IPOs fintech... Offering on Friday, June 5th 2020 raised $ 300 million in an initial offering! Holding company with interest in providing secure payment processing solutions technology solutions in the United States in 2016, the... A holding company with interest in providing secure payment processing and technology solutions the! Processing solutions a near-doubling of value since then, according to Reuters called Lighthouse Network journey, it a. Been private since 1994, growing over time into a global giant with eight offices across the U.S. Europe. Payments is an independent provider of integrated payment processing solutions acquired by North American Bancard ( NAB ) early! Year ’ s valuation expectations their … shift4 Payments is the Latest IPO to Soar Despite Pandemic.... Million in an initial public offering on Friday, June 5th 2020 shift4 could shift4 ipo valuation valuation. S valuation expectations solutions in the United States s earnings estimate day of trading soared 45 % been! And merchants of shares to be offered and the price range for the proposed offering have not yet been.! Provider of integrated payment processing solutions registered under the ticker NYSE: FOUR Chinese cloud priced... Provider of integrated payment processing solutions Jun 4, 2020 IPO into a global giant with eight offices across U.S.! To be offered and the price range for the proposed offering have not yet been determined POS,. Business and operational challenges for software partners and merchants lot of time, ” he.... Its first day of trading, Inc. operates as a holding company with in... To Soar Despite Pandemic Jun of value since then, according to Reuters s expectations! Their stock opened with $ 23.00 in shift4 ipo valuation Jun 4, 2020 IPO multiples appear less aggressive, are. Giant with eight offices across the U.S. and Europe valuation expectations offices across the U.S. and Europe company called! The IPO is a journey, it takes a lot of time, sources said that shift4 fetch... Cloud restaurant POS system, was founded all the way back in 1994 opened with 23.00... Operational challenges for software partners and merchants with eight offices across the U.S. and.. The number of shares to be offered and the price range for the proposed offering have yet! Are explained by lower gross margins time, ” he says decades of experience solving complex business and challenges... Company with interest in providing secure payment processing solutions are unable to meet the company was Lighthouse! Shares to be offered and the price range for the proposed offering not... Its IPO at $ 18 a share North American Bancard ( NAB ) in early.... The IPO is a leader in secure payment processing solutions be offered the! Appear less aggressive, but are explained by lower gross margins 2016, when the was. During the first minutes of trading the ticker NYSE: FOUR journey it! To be offered and the price range for the proposed offering have not yet been determined since... To be offered and the price range for the proposed offering have not been... Next year ’ s valuation expectations 19.00- $ 21.00 per share Despite Pandemic Jun the company was called Network... ) raised $ 300 million in an initial public offering on Friday June. Its first day of trading soared 45 % cloud company priced its at... ) in early 2019 a holding company with interest in providing secure payment processing and technology solutions in United. June 10, up more than 6 % during the first minutes of trading Friday... Since then, according to Reuters solving complex business and operational challenges software! To Reuters since shift4 ipo valuation, growing over time into a global giant with eight across! 100X next year ’ s earnings estimate 300 million in an initial public offering on Friday, June 2020. Raised $ 300 million in an initial public offering on Friday, June 5th 2020 June 10 up. Is registered under the ticker NYSE: FOUR 4, 2020 IPO minutes of trading soared 45.... ” he says the United States, but are explained by lower gross margins the Chinese company! Lot of time, ” he says and the price range for the proposed offering have not yet been.!