TransUnion Files for IPO to Raise as Much as $100 Million
Credit-reporting company TransUnion on Tuesday filed documents for an initial public offering, seeking to raise as much as $100 million for the Chicago-based company.
Its competitors, Equifax and Experian, already are publicly traded.
TransUnion reported a loss last year of $12.5 million, an improvement from a $35.1 million loss in 2013, according to documents related to the offering that were filed with the Securities and Exchange Commission. Annual revenue increased 10.3 percent, to $1.3 billion.
The filing restarts plans undertaken by Madison Dearborn Partners and the Pritzker family in 2011 to take the company public. The firm was sold in 2012 to Advent International and Goldman Sachs Group’s private-equity unit.
The company said it would use proceeds from the offering to repay debt.
This article appeared in print in edition of Hamodia.
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