The British payments group is performing strongly, with its latest financial results for the first six months of 2015 showing revenue and profits growing by 13 per cent to £465.7m and £182.6m respectively.Philip Jansen, Worldpay’s CEO, said the results reflected its “ongoing focus on investing in technology and building our business, developing new and innovative products and meeting the evolving needs of our customers to help them prosper.” As reported by Sky News on 16 September, due to this success the Ingenico Group has been eyeing Worldpay and submitted an offer worth £6.6bn.
It was suggested that Ingenico had lined up BNP Paribas, JP Morgan and Morgan Stanley to work alongside HSBC, Natixis and Societe Generale on the financing of its offer.However, Worldpay’s shareholders, Advent International and Bain Capital, have long been discussing the merits of an initial public offering (IPO), which would propel the company straight into the FTSE 100 index. Read more about IPOs:
- Revealed: The overvalued $1bn+ unicorns “flying too close to the sun”
- How to make an initial public offering on the London Stock Exchange in 10 steps
- Jack Wills scraps plans to float as founder returns to helm
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