Dun & Bradstreet is expecting to raise up to $1.38 billion in an initial community offering that would value the business enterprise facts and analytics company at as a great deal as $eight.four billion.

D&B claimed Wednesday in a regulatory filing that it will offer 65.seventy five million shares at a cost assortment of in between $19 and $21 per share. The bigger close of the focus on assortment provides the business a valuation of $eight.forty one billion.

The web proceeds from the IPO will be employed to redeem all or section of the $1 billion in chosen inventory that D&B issued when an investor group took it private in a $six.nine billion offer in February 2019. Following the completion of the IPO, the group will very own about two-thirds of D&B.

In accordance to Reuters, the business is “looking to trip the new wave of productive new listings immediately after the COVID-19 pandemic crushed the current market for new problems.” The Renaissance IPO ETF has run up 32.eight{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2} calendar year to date while the S&P 500 has shed four.seven{312eb768b2a7ccb699e02fa64aff7eccd2b9f51f6a579147b7ed58dbcded82a2}.

D&B claims to have about 135,000 clients globally and that its database has in depth facts on extra than 360 million organizations.

“We are a current market leader in professional credit rating decisioning, with numerous of the top rated organizations in the earth making use of our solutions to make knowledgeable selections when thinking of extending business enterprise loans and trade credit rating,” it claimed in the IPO prospectus.

“We are also a foremost company of facts and analytics to organizations searching to analyze supplier interactions and extra efficiently acquire remarkable receivables,” D&B added.

Given that D&B went private, its top rated administration has been almost solely changed by a new group that, according to the prospectus, “saw considerable chance to build value by transforming the group and bettering the platform with new business enterprise unit leaders, enhanced know-how and facts, option innovation and a client-centric go-to-current market approach.”

For the 3 months finished March 31, D&B’s income extra than doubled to $395.three million from a calendar year before while its working reduction narrowed to $eight.three million from $203 million.

business enterprise loans, COVID-19, facts analytics, Database, Dun & Bradstreet, initial community offering