Credit reporting company TransUnion set an expected price range Monday for its initial public offering that could garner as much as $781.5 million.
In a Securities and Exchange Commission filing, the Chicago-based company said it plans to sell 29.5 million shares and expects the offering to price at $21 to $23 per share. At the midpoint of that range, the offering would bring in $650 million.
TransUnion provides consumer reports, risk scores and analytics to businesses, while consumers use TransUnion to view their credit profiles and manage personal information. The company is one of the three largest credit reporting agencies in the U.S. along with Experian and Equifax.
TransUnion said its revenue grew 10 percent to $1.3 billion in 2014.
Its proposed New York Stock Exchange ticker symbol is “TRU.” It didn’t list a date for the IPO.
Advent International Corp. and Goldman Sachs will continue to have majority control of the company after the IPO.
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