London IPO values Worldpay at €6.4bn

British payments processor Worldpay Group Ltd has priced its listing on the London Stock Exchange at 240p per share, valuing the business at £4.8bn (€6.4bn).

Worldpay’s private-equity owners Advent International and Bain Capital had narrowed the price range for the initial public offering (IPO) to between 235p and 250p from 225p to 260p, Reuters reported last week.

A bookrunner for the deal said, earlier this month, that Worldpay was seeking a valuation of between £4.5bn and £5.2bn. The IPO is the biggest on London’s main market this year.