Sungard, the financial software provider, filed for an IPO. The company provides trading and investment management software for more than 15,000 financial firms. The company has hired investment banks, which could value the company at more than $10b (including debt).

SunGard was acquired for $11.4b in 2005 by an army of PE funds. The deal was one of the largest LBOs that preceded the financial crisis, SunGard is one of the longest-held investments in private equity history.