Danish electronic payments company Nets going public

IPO coming sooner than expected

Nets is going ahead with an autumn IPO (photo: Lotus Head)
August 29th, 2016 8:34 am| by Ray W

Danish card payment services company Nets plans to list on the Copenhagen Stock Exchange in late September, according to Børsen.

Børsen did not identify its sources, but wrote that Nets plans to float about half of its available shares.

Nets was formed in 2010 through a merger between PBS in Denmark and Norway’s Nordito. It was acquired in 2014 by Boston-based private equity funds Bain Capital and Advent International and the Danish pension fund ATP.

The company has been planning an IPO since 2014, but it was not expected until 2019.