NEW YORK, July 24, 2015 /PRNewswire/ -- Interactive Data Holdings Corporation ("Interactive Data") announced today that it has submitted a draft registration statement on Form S-1 on a confidential basis to the U.S. Securities and Exchange Commission (the "SEC") for a possible initial public offering of shares of its common stock (the "Proposed IPO"). The number of shares to be offered and the price range for the offering have not yet been determined.
Interactive Data intends to use the proceeds from the Proposed IPO to reduce outstanding indebtedness and for other general corporate purposes. The initial public offering is expected to commence after the SEC completes the review process initiated by Interactive Data's confidential submission of its draft registration statement, subject to market and other conditions.
This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
SOURCE Interactive Data Corporation