Interactive Data is gearing up for a possible sale or initial public offering that could value the market data outfit at more than $5 billion, according to Reuters.
Citing sources, Reuters says that Interactive Data's owners Silver Lake Group and Warburg Pincus have brought in Credit Suisse and Goldman Sachs to run an auction for the firm that they bought for around $3.4 billion in 2010.
A sale or IPO of the company, which counts most of the top US banks and mutual funds among its customers, could be worth north of $5 billion, including debt, says Reuters