Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC, in connection with the initial public offering by Shift4 Payments, Inc. (“Shift4 Payments”) of 17,250,000 shares of its Class A common stock, inclusive of the underwriters’ full exercise of their option to purchase additional shares. The offering raised approximately $397 million in gross proceeds and closed on June 9, 2020.
Shift4 Payments is a leading independent provider of integrated payment processing and technology solutions, delivering a complete ecosystem of solutions that extend beyond payments to include a wide range of value-added services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming, and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019.
The Simpson Thacher team for this transaction included Richard Fenyes, Ben Heriaud, Carina Kan, Arielle Trapp and Chirag Desai (Capital Markets); Jasmine Hay and Caroline Phillips (Tax); Tristan Brown (Executive Compensation and Employee Benefits); Jennifer Nadborny (Public Company Advisory Practice); Andrew Pagliughi (FINRA & Blue Sky); Mike Isby (Environmental); Adam Cohen and Spencer Sloan (Financial Institutions); Genevieve Dorment and Melanie Jolson (IP); and Benjamin Wells (Investment Company Act).