Dun & Bradstreet is preparing to launch an initial public offering that could raise up to $1 billion, the latest company to eye a listing after the coronavirus-induced economic downturn roiled the market for new stocks.
The IPO filing could be made public as early as this week, people familiar with the matter said, with Goldman Sachs Group Inc (GS.N) and Bank of America Corp (BAC.N) leading the banking syndicate arranging the deal. The sources requested anonymity ahead of an official announcement. Dun & Bradstreet did not respond to requests for comment. Representatives for Goldman Sachs and Bank of America declined to comment.
Dun & Bradstreet said on Jan. 30 it had privately registered its IPO with its U.S. Securities and Exchange Commission. Concerns about the spread of the novel coronavirus sent the stock market into a downward spiral in February and March, putting most IPOs on ice.