Shift4 Payments Announces Proposed Public Offering of Class A Common Stock
09 September 2020 - 1:40AM
Business Wire
Shift4 Payments, Inc. (“Shift4”)(NYSE: FOUR), a leading
independent provider of integrated payment processing and
technology solutions, today announced that it intends to offer
2,000,000 shares of its Class A common stock for sale in an
underwritten public offering. Certain selling stockholders also
intend to offer 8,000,000 shares of Shift4’s Class A common stock
for sale in the offering. The selling stockholders also intend to
grant the underwriters a 30-day option to purchase up to an
additional 1,500,000 shares of Shift4’s Class A common stock.
Shift4 intends to use its net proceeds from the offering to
purchase LLC interests directly from Shift4 Payments, LLC at a
price per unit equal to the public offering price per share of the
Class A common stock in this offering less the underwriting
discount and commissions. Shift4 Payments, LLC intends to use the
net proceeds it receives from the sale of LLC interests to Shift4
for general corporate purposes. Shift4 will not receive any
proceeds from the sale of shares by the selling stockholders.
Goldman Sachs & Co. LLC, Credit Suisse and Citigroup are
serving as joint active bookrunners.
A registration statement relating to this offering has been
filed with the Securities and Exchange Commission but has not yet
become effective. The offering will be made only by means of a
prospectus. These securities may not be sold nor may offers to buy
be accepted prior to the time when the registration statement
becomes effective. Copies of the preliminary prospectus, when
available, may be obtained from Goldman Sachs & Co. LLC, Attn:
Prospectus Department, 200 West Street, New York NY 10282 (Tel:
1-866-471-2526, email to Prospectus-ny@ny.email.gs.com, from Credit
Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933
Louis Stephens Drive, Morrisville, North Carolina 27560 (Tel:
800-221-1037 or email to usa.prospectus@credit-suisse.com) or from
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 (Tel: 800-831-9146 or email to:
Prospectus@citi.com).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Shift4 Payments: Shift4 Payments (NYSE: FOUR) is a
leading independent provider of integrated payment processing and
technology solutions, delivering a complete ecosystem of solutions
that extend beyond payments to include a wide range of value-added
services. The company’s technologies help power over 350 software
providers in numerous industries, including hospitality, retail,
F&B, e-commerce, lodging, gaming, and many more. With over
7,000 sales partners, the company securely processed more than 3.5
billion transactions annually for over 200,000 businesses in
2019.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200908006058/en/
Investor Relations: Sloan Bohlen 610.596.4475
investors@shift4.com
Media Contacts: James McCusker
jmccusker@soleburytrout.com
Nate Hirshberg Vice President, Marketing Shift4 Payments
888.276.2108 x1107 nhirshberg@shift4.com
Shift4 Payments (NYSE:FOUR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Shift4 Payments (NYSE:FOUR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024