Worldpay looking for 240p per share to raise between £2.16 billion and £2.48 billion gross

The payments processor Worldpay Group has come in with the biggest float so far this year pricing its offer at 240p per ordinary share, which is in the middle of its initial range of 225p to 260p.

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Worldpay chief executive, Philip Jansen, said:

"Today's announcement is a significant milestone for Worldpay,"

"We are proud to be a leader in global payments with a clear strategy for continued growth as a listed company."

The Prime Minister David Cameron welcomed the news saying:

"It's fantastic news that Worldpay has listed on the London Stock Exchange today – the largest ever UK FinTech IPO. This shows real confidence in our long term economic plan and helps cement London as the world's leading location for this sector."

Xavier Rolet, CEO, London Stock Exchange Group said:

"Ensuring that the UK's fastest growing and most innovative finance and technology companies have access to equity capital is a priority for London Stock Exchange. By raising capital on London Stock Exchange companies like this can continue to invest and drive economic growth.

"The fact Worldpay has chosen to raise capital here confirms London's position as the leading global financial centre able to attract the world's most important new companies and highlights the exceptional investor appetite for dynamic companies. We look forward to welcoming more fast growing British and international businesses to our markets."

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