Fifth Third’s Vantiv Eyes IPO

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CINCINNATI – The former Fifth Third Processing Solutions electronic payment processor now known as Vantiv, which provides cards processing for more than 800 credit unions, is planning an initial public stock offering, according to Wall Street reports.

Vantiv, which is a 51% owned by Boston private equity firm Advent International and 49% owned by Fifth Third Bancorp, plans to raise as much $1 billion in the IPO.

The IPO could place a value on the entire company of as much as $4.5 billion.

 

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