Veda seeks to raise $340 million in a December IPO

Pacific Equity Partners will retain a majority stake in the credit-checking company.

Pacific Equity Partners has secured cornerstone investors for the initial public offering of Veda, making it confident the credit-checking company can raise $340 million through a December sale of new shares.

Australia’s largest private-equity firm is not selling its shares in the IPO. It will have a 60 per cent stake in Veda after the share sale.

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