Credit Reporting Firm Veda To List On The ASX For $1 Billion By Christmas: Report

Credit reporting firm Veda is reportedly pursuing a $1 billion pre-Christmas IPO that will raise $340 million for owner PEP.

The float will by underwritten by UBS and Citi, with shares priced at $1.25, according to the AFR. PEP will retain about 60% to 65% of shares.

The Fin reports that Veda was valued at $974 million when it spun out of Baycorp Advantage in 2007.

There’s more on the Fin.

Now read: Here Is The List Of Companies That Might List In The Fourth Quarter

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