TransUnion rises 13% after debut
Shares of credit bureau TransUnion closed almost 13% higher on its first day of trading as a public company.
Shares closed at $ 25.40, up 12.89%. On Wednesday, TransUnion priced its initial public offering of 29.5 million shares at $ 22.50 per share.
The Chicago company said it would use its net proceeds of about $ 626.5 million to reduce its overall debt.
The f irm’s competitors, Equifax and Experian, are already publicly traded.