Advent International-Owned Payments Company Xplor Files Confidentially for IPO
By Colin Kellaher
Payments company Xplor Technologies LLC on Monday said it has
confidentially filed a draft registration statement with the U.S.
Securities and Exchange Commission for a proposed initial public
The Atlanta company, owned by private-equity firm Advent
International, said it plans to launch the IPO upon completion of
the SEC review process, subject to market conditions.
Advent formed Xplor in February by combining portfolio companies
Clearent and Transaction Services Group.
The filing Xplor submitted to the SEC isn't yet visible to the
public because the company has taken advantage of a commonly used
confidential-filing provision introduced in 2012 as part of the
Jumpstart Our Business Startups Act.
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
September 20, 2021 10:06 ET (14:06 GMT)
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