Payments processing company Shift4 Payments has taken steps to go public if market conditions allow it.
Shift4 Payments neither revealed the price range nor the number of shares for the proposed offering as it announced it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), which is one of the first big steps towards an IPO in the US.
The next step will be for the SEC to review the filing after which Shift4 Payments hope to finalise the IPO, depending on whether the market and other conditions allow for it, according to a press release.
In other words, it is unclear when the two-decade old enterprise will finally go public. The company was founded in 1994, is headquartered in Las Vegas and has between 500 and 1,000 employees, according to its LinkedIn page.
It claims to annually process over 3.7 billion transactions for roughly 225,000 clients, according to its website.
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