Finally Some Good IPO News: Shares of Apollo-Backed Evertec Jump 10% in Debut
(Reuters) - Shares of Evertec Inc. rose as much as 10 percent in their market debut, valuing the payment processor at $1.75 billion. Apollo Global Management LLC, which acquired it from Puerto Rican lender Popular Inc. in September 2010, held a 51 percent stake in the company prior to the IPO.
12 April 2013•2 mins read
