EVO Payments Inc announced the pricing of its IPO of 14 million class A common shares at $16.00 per share.
The company, which had set a per-share price range of between $14.00 and $16.00 apiece, is offering 13,333,333 shares in the issuance, while 666,667 shares are being offered by a selling stockholder. The offering is expected to close May 25.
EVO Payments has granted the underwriters a 30-day option to purchase up to an additional 2.1 million shares to cover overallotments.
The shares are expected to begin trading on The NASDAQ Global Market May 23 under the symbol EVOP.
J.P. Morgan, Bank of America Merrill Lynch, Citigroup, Deutsche Bank Securities, and SunTrust Robinson Humphrey are acting as the book-running managers for the offering. Barclays, Cowen and Co., Goldman Sachs & Co. LLC, PKO BP Securities, Regions Securities LLC and William Blair are also acting as book-running managers.
