TransUnion recently submitted a filing to the Securities and Exchange Commission (SEC) on March 31, 2015 about its initial public offering (IPO). However, investors may have some questions about the TransUnion IPO before it becomes available. (Source: Securities and Exchange Commission, last accessed June 17, 2015.)
Who is TransUnion?
Founded in 1968, TransUnion has built a stable and highly diversified customer base of approximately 45,000 businesses in multiple industries, including financial services, insurance, health care, automotive, retail, and communications. The company has operations in the United States, Africa, Canada, Latin America, East Asia, and India and provides services in 23 countries.
TransUnion gives businesses and consumers the power to achieve their goals by helping to build stronger economies worldwide. Alongside its associate, TransUnion supports approximately 45,000 customers and 500 million consumers worldwide.
What is TransUnion’s Business Model?
The company delivers educational resources and tools for consumers to help them gain a clear understanding of their credit history and the impact of their financial conduct and to help guard against identify theft and financial fraud.
Data, analytics, and technology are the three key components of TransUnion’s business model. The company generates its revenue by providing solutions to businesses across multiple industries and to individual consumers.
What is TransUnion’s Revenue?
TransUnion’s revenues increased from $1.183 billion for the year ended December 31, 2013 to $1.305 billion for the year ended December 31, 2014, indicating year-over-year growth of 10.3%.
In 2012, 2013, and 2014, there were net losses of $8.8 million, $35.1 million, and $12.5 million, respectively.
What is TransUnion’s IPO Price?
The company said its offering could top to about $780 million by selling about 34 million shares at a price of $21.00 to $23.00 apiece.
What is TransUnion’s Stock Symbol?
The company has applied to list on the New York Stock Exchange (NYSE) under the symbol “TRU.”
How Will TransUnion Use the Money?
TransUnion said it plans to use proceeds from the offering to repay debt.