{"id":4305,"date":"2018-05-18T08:43:19","date_gmt":"2018-05-18T12:43:19","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4305"},"modified":"2018-05-18T08:58:28","modified_gmt":"2018-05-18T12:58:28","slug":"evo-payments-ipo-preview-evop","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/evo-payments-ipo-preview-evop\/","title":{"rendered":"EVO Payments #IPO Preview ($EVOP)"},"content":{"rendered":"

\"EVOP\"<\/a><\/p>\n

Company: EVO Payments, Inc.<\/strong>
\nSymbol: EVOP
\nDescription: They are a global merchant acquirer and payment processor servicing approximately 525,000 merchants in North America and Europe and processing more than 900 million transactions in North America and 1.7 billion transactions in Europe annually.
\nTrade Date: 5\/23
\nShares: 14 million
\nPrice Range: $14.00-$16.00
\nUnderwriter(s): J.P. Morgan, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, SunTrust Robinson Humphrey, Barclays, Cowen and Company, Goldman Sachs & Co., Regions Securities LLC, William Blair
\nTerms Added: 5-10-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:\u00a0They operate at the center of global electronic commerce with local operations in 10 countries, with the ability to serve 50 markets around the world through their three proprietary,\u00a0in-market\u00a0processing platforms that are connected by a single point of integration. They differentiate themselves from their competitors through (1)\u00a0a highly productive and scaled sales distribution network, including exclusive global financial institution referral partnerships, (2)\u00a0their three proprietary,\u00a0in-market\u00a0processing platforms, and (3)\u00a0a comprehensive suite of payment and commerce solutions. They believe these points of differentiation allow them to deliver strong organic growth, increase market share, and attract additional financial institution, technology and other strategic partner relationships.<\/p>\n

\"Screen<\/a><\/p>\n

Financials:<\/strong>\u00a0Their revenue was $355.5 million, $419.2, and $504.8 million, and their net income (loss) was $40.1 million, $57.5 million, and ($32.3 million) in 2015, 2016, and 2017, respectively. The decrease in net income in 2017 was due primarily to the\u00a0one-time\u00a0gain on the sale of the company\u2019s membership interest in Visa Europe in the prior year period, the increase in operating expenses related to strategic investments and the increase in interest expense from higher debt balances related to the Sterling acquisition. In the first quarter of 2018, their revenue increased 17.0% to $128.3 million, while their net loss increased 12.5% to $15.0 million. The increase in net losses was due primarily to the increase in operating expenses related to strategic investments.<\/p>\n

\"EVOP.Financials\"<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: EVO Payments, Inc. Symbol: EVOP Description: They are a global merchant acquirer and payment processor servicing approximately 525,000 merchants in North America and Europe and processing more than 900 million transactions in North America and 1.7 billion transactions in Europe annually. Trade Date: 5\/23 Shares: 14 million Price Range: $14.00-$16.00 Underwriter(s): J.P. Morgan, BofA[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[],"class_list":["post-4305","post","type-post","status-publish","format-standard","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4305"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4305\/revisions"}],"predecessor-version":[{"id":4310,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4305\/revisions\/4310"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}