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SunGard to Go Public

In 2005, seven companies bought financial software provider SunGard. Fast forward 10 years: on June 3, SunGard filed a Form S-1 with the Securities and Exchange Commission to go public.

The filing says the sale will begin “as soon as practicable” after the filing is declared effective. Yet to be determined, according to a June 4 announcement, is how much SunGard plans to raise through the sale, what its stock ticker will be and on which stock market it will trade.

A group of seven private equity firms bought SunGard for $10.4 billion in 2005: Bain Capital, Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Company, Providence Equity Partners, Silver Lake Partners and Texas Pacific Group.