TransUnion's previous IPO plans ended with private-equity takeovers. Last year, the company’s revenue increased by 10% from a year earlier to $1.3b, but it still posted a loss of $12.5 million. The company will join its competition, Equifax and Experian, which are both already public companies.
TransUnion, one of the largest credit bureaus in the United States, filed with U.S. regulators on Tuesday for an initial public offering of common stock. 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.