Vista-Backed Solera Seeks Up to $13 Billion Valuation in IPO
- Auto data company may file publicly as soon as this week
- Solera is seeking more than $1 billion in the offering
This article is for subscribers only.
Vista Equity Partners-backed automotive data and software services provider Solera is set to seek a valuation of about $10 billion to $13 billion in its planned initial public offering, according to people familiar with the matter.
The company, which analyzes vehicle life-cycle data for clients including insurers and dealers, may file publicly for its US IPO as soon as this week, the people said. It could start marketing the deal to prospective investors as soon as mid-July, the people said, asking not to be identified as the information isn’t public.