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(NEW YORK) –EVO Payments (NASDAQ:EVOP), a global merchant acquirer and payment processor, saw its stock rise sharply on first day of trading of its initial public offering (IPO)
EVOP shares rose nearly 26% in their debut last week opening at around $20.00, which was well above their initial public offering price of $16 per share.
The Company offered out 14 million shares by EVO Payments, and selling stockholders, scoring themselves around $224 million
The Atlanta, Georgia-based company facilitates payments by linking stores to customers’ bank accounts and has operations in 50 markets worldwide including the United States, Canada, Mexico and Europe.
EVOP earns revenues by charging acquirer fees on each transaction processed on its network. The company notes it processes more than 900 million transactions in North America and 1.7 billion transactions in Europe annually.
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About EVO Payments
With business activities in 50 markets and 130 currencies around the world, EVO is among the largest fully integrated merchant acquirers and payment processors in the world. https://evopayments.com/about/
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