Fleet fuel-card supplier Comdata Inc. has filed for an initial public stock offering with the Securities and Exchange Commission, the company has announced.
Comdata has not determined the number of shares or price range for individual shares. The company didn't release a timetable for the offering.
"The initial public offering is expected to commence after the SEC completes its review process, subject to market conditions," according to a Comdata release.
On April 2, Comdata filed a draft registration statement on Form S-1, which is the first step toward an offering.
Originally posted on Automotive Fleet