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June 5, 2020, 2:32 p.m. EDT

Shift4Payments' stock blasts off in its public debut

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By Tomi Kilgore

Shares of Shift4Payments Inc. /zigman2/quotes/218797153/composite FOUR -3.28% soared in their public debut, after the payments-processing and technology company's initial public offering priced at $23, above the expected range of $19 to $21. The company raised $345 million in the IPO. The stock's first trade was at $33.10, or 43.9% above its IPO price, at 11:31 a.m. Eastern for 2.8 million shares. The stock has gained since then, to trade 47.0% above its IPO price. The company went public at a good time for the IPO market, as the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -0.21% has rallied 20.0% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.34% has advanced 5.9%.

/zigman2/quotes/218797153/composite
US : U.S.: NYSE
$ 37.76
-1.28 -3.28%
Volume: 985,925
July 14, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 42.65
-0.09 -0.21%
Volume: 268,006
July 14, 2020 3:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,197.52
+42.30 +1.34%
Volume: 2.63B
July 14, 2020 5:13p
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