First Data, the largest merchant acquirer (spun out of AMEX years ago) is going public on Thur. with <i>$18B</i> in debt. They were taken private 7 years ago for $30B. Go figure.<p>Edit: Here&#x27;s First Data&#x27;s S-1:<p><a href="http:&#x2F;&#x2F;www.sec.gov&#x2F;Archives&#x2F;edgar&#x2F;data&#x2F;883980&#x2F;000119312515334479&#x2F;d31022ds1a.htm" rel="nofollow">http:&#x2F;&#x2F;www.sec.gov&#x2F;Archives&#x2F;edgar&#x2F;data&#x2F;883980&#x2F;00011931251533...</a>