SunGard Set to Re-Enter Public Markets as they File IPO Prospectus

Nearly a decade after going private in an $11.4 billion Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term buyout (LBO), SunGard Financial Systems has filed a prospectus of intentions to once again go public. Acquired on August 11, 2005, the LBO was backed with equity investment from Bain Capital Partners, The Blackstone Group, Goldman Sachs & Co., Kohlberg Kravis Roberts & Co., Providence Equity Partners, Silver Lake and TPG, of which continue to control SunGard.

The Form 424 B3 filed by SunGard is often referred to as a pre-filing as it omits details on the issuer’s prospective size of its sale. Included though are up to date financials, including for the Q1 2015 period.

According to the report, for quarter ended March 31st 2015, revenues were $671 million, 2.8% above the same period last year. Net income, excluding losses attributable to non-controlling interests was $28 million. As of March 31st, the firm reported that it is holding $4.67 billion in debt, with $555 million in cash.

A provider of technology solutions for the financial industry, SunGard has built a wide base of products and customer types they support. Their IT and software solutions include products for post trade reporting, asset managers, traders, energy trading and fund administration.