|
The company, whose competitors include Equifax
Inc and Experian Plc, sells credit reports to lenders which use
the data to assess the credit worthiness of borrowers.
TransUnion filed for an IPO in 2011 but withdrew the offering in
2012 after it was sold by private equity firm Madison Dearborn
Partners and the Pritzker family to Advent International and
Goldman Sachs.
Goldman and Advent own about 49 percent each of the company.
Reuters reported last month that TransUnion had revived plans
for an IPO that could raise up to $1 billion this year.
TransUnion's filing included a nominal fundraising target of
about $100 million. The amount of money a company says it plans
to raise in its first IPO filing is used to calculate the
registration fees. The final size of the IPO could be different.
The company's revenue fell 10 percent to $1.3 billion for the
year ended Dec. 31, 2014. Net loss attributable to the company
narrowed to $12.5 million from $35.1 million a year earlier.
Global spending on big data and analytics services is expected
to grow about 15 percent to about $52 billion between 2014 and
2018, according to research firm IDC.
TransUnion did not reveal the exchange on which it planned plans
to list its common stock.
TransUnion listed Goldman Sachs, J.P. Morgan Securities,
Deutsche Bank Securities Inc and Merrill Lynch, Pierce, Fenner &
Smith among the underwriters. (http://1.usa.gov/1Dkj4xZ)
(Reporting by Neha Dimri in Bengaluru; Editing by Saumyadeb
Chakrabarty)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
