After a decade in private ownership financial software firm may list again.
The financial software firm SunGard is plotting an initial public offering (IPO) after filing with American regulators on Thursday.
Details of the float remain scant at this point, with the company not saying where it would list or what ticker it would take, but a placeholder funding goal of $100m (£65m) was given in the securities notice.
Should the deal go ahead it will follow a decade after the Pennsylvania-based firm was bought out by a coalition of private equity firms, including Bain Capital, the capital arm of Goldman Sachs and Silver Lake Partners, taking the company off the New York Stock Exchange.
SunGard’s previous hiring of investment banks ahead of the IPO has also led some to predict the firm could be worth as much as $10bn including debt, according to sources that spoke to the newswire Reuters.
Despite this the company has regularly posted losses during the last five years, the firm having lost $222m (£145m) last year even as it took in almost $3bn (£2bn) in revenue.