Interactive Data Files for IPO, Led by Morgan Stanley, Barclays

  • Data provider uses a $100 million placeholder in filing
  • IDC was recently focus of takover interest by several firms

Interactive Data Corp., a provider of financial data that was the recent focus of takeover interest by several firms, filed for an initial public offering.

The company used a $100 million placeholder in a filing Friday with the U.S. Securities and Exchange Commission, an amount used to calculate registration fees that may change. Morgan Stanley, Barclays Plc, Bank of America Corp. and UBS Group AG are leading the offering.

IDC makes software that underpins trading, data analysis and compliance at mutual funds, securities firms, banks and other financial companies. The Bedford, Massachusetts-based company was acquired by private-equity firms Silver Lake Management and Warburg Pincus in 2010 in a $3.4 billion deal.

IDC in July filed confidentially with the SEC for a possible IPO, the company said at the time. The company also has received takeover interest from financial data firms including Intercontinental Exchange Inc., people with knowledge of the matter said last month. Markit Ltd. also is a potential suitor, the people said.

IDC could be valued at about $5 billion in a sale, one of the people said at the time. The data provider competes with Bloomberg News parent Bloomberg LP.

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