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IDS Group is seeking $86 million in IPO
IDS Group Inc. of Minneapolis is planning an initial public stock offering that could raise $86.25 million.
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IDS Group Inc. of Minneapolis is planning an initial public stock offering that could raise $86.25 million.
The company, whose acronym stands for International Decision Systems, filed a registration statement Thursday with the Securities and Exchange Commission.
IDS provides software and services used by financial institutions and equipment manufacturers to automate and improve the asset finance origination process and manage associated accounting, administration and compliance requirements.
The number of shares to be offered and an offering price have yet to be determined.
PATRICK KENNEDY
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