Italian payments firm Nexi has fetched $2.3bn in an initial public offering (IPO), Bloomberg reported.
The offer price of €9 per share gives the firm a €7.3bn valuation, including debt.
It is said to be the biggest listing in Europe in 2019.
Shares were sold to more than 340 investors worldwide, which includes over 100 Italian investors.
Bain Capital, Clessidra SGR and Advent International, who backed the company, will free float 35.6%.
According to the report, the offers included a capital increase of €700m.
Plans are on to lower debt utilising the proceeds.
The Nexi IPO was coordinated by Bank of America, Credit Suisse, Banca IMI, Goldman Sachs and Mediobanca.
IPOs in Europe have picked up pace recently.
Last week, UAE-based payments processor Network International listed on the London Stock Exchange.
Network first announced the plan last month.
In 2018, Dutch payments platform Adyen listed on the Amsterdam stock exchange.
The payments sector also reported big deals this year.
The largest of all is the acquisition of payment processor Worldpay by fintech firm FIS.
The cash-stock deal, announced last month, is valued at $43bn.
Earlier this year, Fiserv agreed to buy payment processor First Data for $22bn.
Danish payments firm Nets also concluded its merger with German peer Concardis Payment Group this year.