PEP’s Veda IPO set to raise $341m

The share sale’s proceeds will be used to reduce debt and invest in the credit and analytics business.

Veda Group Ltd, the credit bureau company owned by Pacific Equity Partners, will raise up to $341.1 million in an initial public offering to reduce debt and invest in its business.

Veda will sell 272.8 million shares, close to a third of the company’s total shares, at $1.25 per share, according to the company’s prospectus.

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