Interactive Data Corp. (IDC) Files for $100M Common Stock IPO
Interactive Data Holdings Corporation (NYSE: IDC) filed a registration with the U.S. SEC for an IPO of its common stock. The proposed maximum offering amount is $100 million. The company plans to list on the NYSE under the ticker, "IDC."
Underwriters are Morgan Stanley, Barclays, BofA Merrill Lynch, UBS Investment Bank, Citigroup, Credit Suisse, Deutsche Bank Securities, Evercore ISI, Goldman, Sachs & Co., and Wells Fargo Securities.
Financial commnetary: "For the six months ended June 30, 2015 and the years ended December 31, 2014, 2013 and 2012, we generated revenue of $467.8 million, $939.2 million, $905.1 million and $880.2 million, respectively. For the six months ended June 30, 2015 and the years ended December 31, 2014, 2013 and 2012, we generated net income (loss) of $8.3 million, $(36.0) million, $13.0 million and $0.6 million, respectively. For the six months ended June 30, 2015 and the years ended December 31, 2014, 2013 and 2012, we generated Adjusted EBITDA of $180.3 million, $361.6 million, $350.6 million and $344.0 million, respectively. Our Adjusted EBITDA margins for the six months ended June 30, 2015 and the years ended December 31, 2014, 2013 and 2012 were 38.5%, 38.5%, 38.7% and 39.1%, respectively."
Principal holders on the offering are Silver Lake and Warburg Pincus.
Interactive Data is a leading global provider of mission-critical financial market data, analytics, and related solutions that are deeply embedded within its clients’ workflows.
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