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WorldPay Chooses IPO Over Multiple Buyout Bids

After announcing plans to take WorldPay public on the London Stock Exchange, Ingenico, Wirecard AG and a private equity consortium each made offers to acquire the business. French payment company and hardware manufacturer Ingenico even secured financing for a bid, rumored to be as much as £6.6 ($10.2) billion, but WorldPay turned down this and the other offers opting to secure public financing instead.

Spun off from RBS when a majority stake was purchased for $3 billion by private equity firms Advent and Bain Capital in 2010, WorldPay has enjoyed tremendous growth and success as a private company. Likely looking to collect the returns on their investment, the owners announced they would be publicly listing the company on the London Stock Exchange, but stop to consider offers from rival companies.

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