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Integrated payments processor i3 Verticals prices IPO at $13, the high end of the range

June 20, 2018
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i3 Verticals, which provides integrated payment processing and software to SMBs, raised $86 million by offering 6.7 million shares at $13, the high end of the $11 to $13 range. At pricing, the Nashville, TN-based company will command a market value of $332 million. i3 Verticals plans to list on the Nasdaq under the symbol IIIV. Cowen & Company, Raymond James and KeyBanc Capital Markets acted as lead managers on the deal.