Worldpay set to list earlier than expected
Worldpay could become this year's largest London listing after the company's owners opted to bring forward their flotation plans.
The payment processing firm had previously been expected to list next year, but owners Bain Capital and Advent have reportedly been so encouraged by post-election public confidence in the market that they might now put it on the market as soon as the third quarter of this year, sources cited by the Sunday Times suggested.
The flotation is expected to most likely take place in London rather than New York, the insiders said, with the move expected to generate £6bn.
The sources said that Bain Capital and Advent will holding discussions with potential bidders during the next few weeks.
According to the insiders, the sale is likely to come before September if the market conditions remain favourable.