initial public offerings (IPOs) trading on American exchanges

Monday, June 15, 2015

TransUnion files for an IPO to raise up to $781.5 million

TransUnion has filed to sell 29.55 million shares in an initial public offering, which the provider of consumer reports, risk scores and analytical services expects to price at $21 to $23 a share. The company has applied to list on the New York Stock Exchange with the ticker symbol "TRU" .

The lead underwriter of the IPO are Goldman Sachs, J.P. Morgan, BofA Merrill Lynch and Deutsche Bank Securities. The underwriters will have the option to buy up to an additional 4.43 million shares to cover over-allotments. The proposed maximum amount to be raised is $781.5 million. After the IPO is completed, Advent International and Goldman Sachs will still own a majority of the outstanding shares.

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