A 179-year-old data shop just raised $1.7 billion in an IPO. Dun & Bradstreet's president walked us through its quick return to public markets and why the company's in high demand.
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Duncan hopped on his owner's lap while the president of Dun & Bradstreet participated in a video investor presentation in the leadup to the firm's initial public offering. Since its February 2019 privatization, the company, founded in 1841, has focused on revamping its leadership, strategy, and technology, Daffron told Business Insider after he wrapped up at the New York Stock Exchange on Wednesday.
The company first marketed almost 66 million shares at $19-$21, before ultimately selling 78.3 million shares at $22 each. With the money it raised from the IPO, Daffron said Dun & Bradstreet will look to pay down its $4 billion debt and invest further in technology.
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