EVO Payments International, a payment solutions provider based in Atlanta, has more than doubled the target for its forthcoming initial public offering, which could raise the company’s market value to more than a billion dollars.
The firm initially filed with the SEC plans to raise $100 million in late April, but has since made plans to raise $210 million in an IPO of 14 million shares priced between $14 to $16, according to a news release.
If the company were to sell all 14 million share between this range, EVO Payments would be worth more than $1.2 billion.
EVO Payments plans to join the Nasdaq under the symbol “EVOP” and has listed a revenue of $504.8 million. The company is backed by BlueApple and Madison Dearborn Partners, with J.P. Morgan, BofA, Citigroup, Deutsche Bank and SunTrust Robinson Humphrey as the underwriters.
