Morningstar said in a recent regulatory filing it has chosen a ticker symbol for its initial public offering, suggesting that it might finally be ready to bring shares to market after months of delays.
In a Feb 3. S-1A filing with the Securities and Exchange Commission, the Chicago-based mutual fund research firm said shares of its common stock would be listed on Nasdaq under the ticker symbol MORN, but that the terms and date of the offering have yet to be determined. The number of shares that will be sold and the price range for the IPO also were not disclosed. Through the offering, the company hopes to raise $100 million in capital to fund new business initiatives.