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Omaha Steve

(99,741 posts)
Thu Oct 15, 2015, 08:01 AM Oct 2015

Biggest winners in First Data's IPO? The workers (5,000 workers $42,000 average)


I have relatives that are a part of this.

OS


KENT SIEVERS/THE WORLD-HERALD
First Data CEO Frank Bisignano visits earlier this year with production operator Carla Herron in the First Data Output Services building near Eppley Airfield. Bisignano is the biggest individual shareholder in the company, with holdings that are worth $88 million based on its initial trading price.

http://www.omaha.com/money/biggest-winners-in-first-data-s-ipo-the-workers/article_7f586f87-d051-51c7-b5f6-ca3464da86a2.html

By Cole Epley POSTED: THURSDAY, OCTOBER 15, 2015 12:30 AM

Among the biggest winners in First Data’s public stock offering could be the company’s employees, about 5,000 of whom work in Omaha.

The company’s workers around the world already hold tens of millions of shares of First Data Corp. as the stock begins trading on the New York Stock Exchange today.

Each employee could end up holding about $49,400, on average, though that number certainly is skewed by the big holdings of the company’s executives, managers and directors. The employees had been granted stock in lieu of company contributions to their retirement plans.

Snip: That average is skewed by the holdings of First Data executives and directors, who hold about 10.4 million shares, or $166.4 million. Subtracting the holdings of executives and directors, First Data employees’ average stake falls to about $42,000.

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Biggest winners in First Data's IPO? The workers (5,000 workers $42,000 average) (Original Post) Omaha Steve Oct 2015 OP
First Data stock dips on opening day Omaha Steve Oct 2015 #1

Omaha Steve

(99,741 posts)
1. First Data stock dips on opening day
Thu Oct 15, 2015, 10:06 PM
Oct 2015

http://www.omaha.com/money/first-data-stock-dips-on-opening-day/article_f0d6d598-7392-11e5-a9d3-b790f376e654.html

POSTED: THURSDAY, OCTOBER 15, 2015 6:17 PM | UPDATED: 6:36 PM, THU OCT 15, 2015.
By Cole Epley / World-Herald staff writer

First Data shares stumbled in their debut on the New York Stock Exchange on Thursday.

The Omaha-born employer of about 5,000 in the area came out of the gate with shares closing down about 1.6 percent on the day, falling to $15.75 each.

Market watchers said the company’s still-massive debt could end up being a heavy weight around its neck. That might be the reason for investors’ tepid response.

While technically a disappointment — First Data earlier this month estimated shares would trade between $18 and $20 — the company’s stock still had the third-highest trading volume on the NYSE on Thursday, with about 65 million shares changing hands. Only General Electric and Bank of America had higher volumes.

FULL story at link.
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