Latham & Watkins Advises Shift4 Payments, Inc. in IPO

Multidisciplinary team represented the leading independent provider of integrated payment processing and technology solutions in the offering.

June 05, 2020

Shift4 Payments, Inc. (Shift4), a leading independent provider of integrated payment processing and technology solutions, has announced the pricing of its initial public offering of 15 million shares of its Class A common stock at a public offering price of $23 per share. The underwriters will also have a 30-day option to purchase up to an additional 2.25 million shares of Class A common stock at the initial public offering price less the underwriting discount and commissions. Concurrent with the initial public offering, Shift4 Founder & CEO Jared Isaacman has agreed to purchase in a private placement $100 million of Class C common stock at the initial public offering price less the underwriting discount and commissions. The shares of Class A common stock are expected to begin trading on the New York Stock Exchange under the ticker symbol “FOUR” on June 5, 2020. The offering is expected to close on June 9, 2020 subject to customary closing conditions.

Latham & Watkins LLP represented Shift4 in the offering with a corporate team led by New York partners Marc Jaffe, Ian Schuman, and Adam Gelardi, with associates Justin McNamee, Adam Johnson, and Zoey Wu. Advice was also provided on mergers & acquisitions matters by Chicago partner Jonathan Solomon, with associates Matthew Dixon and Joyce Li; and on tax matters by New York partners Lisa Watts and Greg Hannibal, with associate Eric Kamerman.

 
 
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