Colorado-based Mercury Payment Systems on Friday filed for an initial public offering of up to $100 million in common stock as the electronic-payment processor continues to grow.
Mercury Payment Systems, headquartered in Durango, with offices in the Denver Tech Center, is a credit-processing company that works primarily with small and medium sized merchant businesses in the United States and Canada. It offers a portfolio of integrated payment products and services all designed to help SMBs control costs and drive revenue.
Over the past few years the company has posted significant figures. In 2013 they reported:
Net revenue of $237.3 million (an increase of 16.7% from 2012)
Adjusted net income of $57.1 million (a 14.9% increase from 2012)
J.P. Morgan Securities, LLC, Morgan Stanley & Co. LLC and Barclays Capital Inc. will manage the offering.
Mercury Payment System launched in 2001 and is a leader in not only SMB payment services but employee-volunteer program, MercuryGives. With hundreds of employees in Colorado, the company has created a paid time off volunteer program and, according to their website, have donated $1 million in volunteer hours and funds over the past three years.