IPOs

Bankers: First Data IPO Rapidly Approaching

Wall Street’s top firms believe the initial public offering of First Data Corp., a little known payment processing company, could be among the most lucrative deals in the coming months, generating as much as $40 million in fees, the FOX Business Network has learned.

Markit Up 12% in IPO

Shares of Markit Ltd rose as much as 11.3 percent in market debut, valuing the financial information service provider at $4.78 billion and giving its bank shareholders a massive payday.

Ally Financial Dips in NYSE Debut

Ally Financial, one of the nation’s largest auto lenders, fell slightly in its public debut after wrapping up the largest U.S. initial public offering so far this year.