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Danish payments processor, Nets Holding, has announced plans for an Initial Public Offering (IPO) through the issue of new shares that is expected to raise around DKr 5.5 billion ($824 million) for equity owners Advent International Corporation and Bain Capital Private Equity who bought the company in a consortium with Danish pension fund ATP Group two years ago.
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The payments processing provider has produced strong growth on the back of rising use of the internet and mobile devices to transfer money, an area in ... (read more)