Silver Lake-backed Mercury Payment Systems eyes $100m IPO

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stock brokerage market share listedPrivate equity-backed payments processing technology company Mercury Payment Systems is looking to raise $100m via an IPO.

Mercury, which is backed by buyout house Silver Lake, will trade on the Nasdaq exchange under the symbol MPS, according to a document filed with the US Securities and Exchange Commission.

The Durango, Colorado-based company did not say how many shares it planned to float and at what price.

Silver Lake currently holds a 63 per cent stake in Mercury, while the rest is owned by its founders.

Last year Silver Lake raised over $10bn for it latest large-cap technology investment fund, Silver Lake Partners IV.

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