TransUnion announced the pricing of an underwritten secondary offering by certain of its stockholders of 19,889,564 shares of the company's common stock.
Based on TransUnion's March 5 closing share price of $57.98, S&P Global Market Intelligence calculates a gross offering size of about $1.15 billion.
The offering is subject to customary closing conditions and is expected to close March 8.
The selling stockholders will receive all of the proceeds from the offering. No shares are being sold by the company.
J.P. Morgan and Morgan Stanley are acting as underwriters for the offering.
