How's your credit score? TransUnion sets terms for $650 million IPO

TransUnion, one of the three major credit bureaus in the US, announced terms for its IPO on Monday.

The Chicago, IL-based company plans to raise $650 million by offering 29.5 million shares at a price range of $21 to $23. At the midpoint of the proposed range, TransUnion would command a fully diluted market value of $3.9 billion and an enterprise value of $6.2 billion.

TransUnion, which was founded in 1968 and booked $1.4 billion in sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol TRU. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Deutsche Bank, RBC Capital Markets, Wells Fargo Securities and Credit Suisse are the joint bookrunners on the deal. It is expected to price during the week of June 22, 2015.