Vantiv Files for I.P.O.

Vantiv Inc., a payment processor, has filed to raised up to $100 million in an initial public offering, Reuters reported Thursday. The company, owned by Fifth Third Bancorp and buyout firm Advent International, said it planned to list on the New York Stock Exchange or Nasdaq.

(Reuters) – Payment processor Vantiv Inc filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering of Class A common shares.

The company, owned by Fifth Third Bancorp (FITB.O) and buyout firm Advent International, said it planned to list on the New York Stock Exchange or Nasdaq.

Vantiv did not specify the number of shares it planned to sell in the preliminary prospectus filed with the U.S. Securities and Exchange Commission.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO can be different.

(Reporting by Brenton Cordeiro in Bangalore; Editing by Maju Samuel)