Danish Payments Processor Nets Planning October IPO

[kreslik.news]

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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Strong Growth

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)