Bloomberg Tech

Banks Kick Off $4.4 Billion Loan Sale for Worldpay Buyout

A group of banks led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. launched a $4.4 billion debt sale to fund GTCR’s purchase of a majority stake in payment processor Worldpay Inc., one of the most hotly anticipated deals in the leveraged finance market this year.

Tech IPOs Are Cutting Valuation Hopes in Push to Go Public

A slate of planned tech IPOs is rejuvenating the moribund market for new listings, but the diminished valuations most of them are expected to fetch show just how skittish public-market investors remain about former high-flying startups.