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Posted on: Oct. 15, 2015, 5:32 p.m.
First Data, the payment processing company backed by private equity firm KKR, priced its shares below the range it was seeking. It had been aiming for a share price of between $18 and $20, but priced at $16, according to Bloomberg. It's bad news for the individual companies, and bad news for Wall Street too, which was looking to the two deals as a bellwether for offerings in an otherwise weak year. Proceeds raised in US IPOs are down more than 44% ... Full investment news article