Evertec of about 2.53 billion shares for an initial public offering to raise about 50.6 billion yuan.
Payment processing company, it also provides a business process management services and other services, said late on Thursday, for $20 a share IPO pricing, closed at $18, a $20 per share expected range of high-end.
Estimated Evertec proceeds, about $117400000, take out after underwriters discounts and commissions and other fees. It plans to use a lot of benefits to repay existing debts. SAN Juan, Puerto Rico, the company will not receive any sell shares sales proceeds by shareholders.
Evertec companies with about 630 million shares, Apollo global management company's affiliate companies with about 1.02 billion shares, hot company offers about 880 million shares.
The underwriters will have 30 days to options, from Apollo to buy an additional 380 million shares.
After the release, Apollo will have 33.6% of the company's outstanding shares, and the popular will own 33.5%. If underwriters exercise his option completely, they will have 28.8% and 33.5%, respectively.
Expected shares last Friday "EVTC" under the stock code start trading on the New York stock exchange. The product is expected to close on Wednesday.



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