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As Processor Valuations Soar, Shift4 Files for an IPO

“Shift4 Payments Inc., one of the nation’s biggest independent sales organizations, announced on Tuesday that it has filed a draft registration statement with the U.S. Securities and Exchange Commission for what it calls a “proposed” public offering. A Shift4 spokesman did not immediately return a call from Digital Transactions News seeking comment on the move, but the 20-year-old, Allentown, Pa.-based company’s announcement comes as valuations for publicly held processors and ISOs are soaring, according to recently released data.”