The Preferred Stock IPO Market 'Unfroze' In May

Group 1 - Shift4 Payments, Inc. has completed an offering of 8.75 million shares of new mandatory convertible series A preferred stock at an offering price of $100 per share [1] - The newly issued shares will provide a dividend, although specific details on the dividend rate are not mentioned [1] Group 2 - The article indicates that there is a focus on preferred stocks with varying compliance scores, suggesting a range of investment options for different investor profiles [1]