Nexi, an Italian payments giant, raised 2.03 billion euros

Nexi Spa, an Italian payment services company, recently announced a successful financing of € 2.03 billion through an initial public offering, the latest record of a European IPO so far this year.

A total of 340 investors are known to have been involved in the investment, including 100 from Italy.

According to Bloomberg, the company’s shares are 9 euros per share, currently valued at 7.3 billion euros, including 1.7 billion euros in debt. The stock began trading in milan on April 16.

Nexi became the third company in Europe to launch a large IPO in the near term.

Nexi is understood to be Italy’s largest payment service company, accounting for about 60% per cent of the market share in the card issuing market, while working with about 150 Italian banks, including Advent International, Bain Capital and Clessidra SGR and many other institutions.