In the biggest U.S. IPO of 2015 according to Bloomberg, First Data planned to seek a minimum of $2.5 billion, even up to $3.2 billion (according to "Bloomberg") or $3.7 billion (according to the "Wall Street Journal"). In October that year, First Data sold 160 million shares for $16 apiece, after offering them for $18 and $20. It raised $2.56 billion. According to "Bloomberg": "lowering First Data's debt level will be an important step for the company because it will free up money to invest in the business".