Shift4 Payments (FOUR) said Thursday it priced a public offering of 8.75 million series A mandatory convertible preferred shares at $100 apiece.
The company initially planned to offer 7.5 million shares.
Underwriters have a 30-day option to buy up to 1.25 million additional shares.
The offering is expected to close by Monday, with its proceeds expected to help fund the company's previously announced acquisition of Global Blue Group, among other uses.
Shift4 Payments shares were up 1.9% in recent premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.