Payment processor Vantiv Inc filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering of Class A common shares.The Ohio-based company, owned by Fifth Third Bancorp and takeover firm Advent International, said it planned to list on the New York Stock Exchange or Nasdaq.In July, the Wall Street Journal reported that Vantiv was planning to file for an IPO that could value the company at as much as $4.5 billion, and had hoped to raise between $750 million and $1 billion through the offering.The IPO is being underwritten by 11 investment banks, led by J.P.Morgan, Morgan Stanley, Credit Suisse, Goldman Sachs & Co and Deutsche Bank Securities.
Fifth Third Bancorp (the Bancorp) is a diversified financial services company. Shares of FITB remained unchanged at $11.73. In the past year, the shares have traded as low as $9.13 and as high as $15.75. On average, 17663600 shares of FITB exchange hands on a given day and today's volume is recorded at 0.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS remained unchanged at $15.76. In the past year, the shares have traded as low as $11.58 and as high as $31.04. On average, 34200500 shares of MS exchange hands on a given day and today's volume is recorded at 3250.
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