FleetCor Technologies has raised about $291.5 million in an IPO on the NYSE under the ticker FLT. The offering included about 12.7 million shares of common stock priced at $23 apiece, the low end of the expected price range. 12.2 million were offered by certain stockholders, which included Summit Partners, Bain Capital and GCC Investments. The rest were sold by the company, which planned to use the proceeds partly to pay off debt. FleetCor provides payment products and services to commercial fleets, oil companies and petroleum markets. The company closed its first day of trading up at $27.25.