Payment-processing giant First Data on October 1 said it would raise up to $3.68 billion in its upcoming initial public offering, marking the biggest US listing this year.

The New York company, which was taken private by KKR in 2007 for about $26 billion, said it would offer 160 million shares at between $18 and $20 apiece. Underwriters will have an option to buy an additional 24 million shares. That would give the company a market value of roughly $18 billion, based on the high end of the pricing guidance.