April 03, 2014 BY Gerald Segal

SafeCharge sees modest 5% IPO 'pop' in first day trading, valuation tops $400 million

SafeCharge raised $126 million, all proceeds to the company, plans to pay out half of EBITDA in dividends. After successfully pricing its IPO earlier this week, payment processor SafeCharge (LON:SCH) had its first day of trading Wednesday as a public company. After pricing its shares in the IPO at £1.62, SafeCharge shares traded up slightly (by…

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