UK online payment processor WorldPay Plc is preparing for a simultaneous flotation on Nasdaq and the London Stock Exchange, according to reports. The revelation follows WorldPay’s deal with National Data Corp, which will see its systems handle over $3bn of NDC payments over the next three years and give WorldPay access to one million US customers. The deal is said to have acted as an extra impetus to the float, which has been planned for some time. The Sunday Times newspaper speculated that the IPO may value the firm at up to 100m pounds ($160m).
WorldPay’s niche is the secure management of online debit and credit card payments, a service it can perform in 16 currencies for international e-commerce merchants, which pay annual fees. The firm says it can handle different types of account handling, such as one-off credit card payments and credit account-based transactions. It will work with any kind of merchant except those peddling adult material or unlicensed gambling.
