Research firm
While leaving the number of offered shares and the prices of those shares blank, Morningstars filing did say that up to $100 million worth of stock can be sold. The public shares will be drawn from both Morningstar itself and one of its current shareholders, Softbank Finance Corp., according to the company.
Underwriting the offering will be
Proceeds from the stock sales, according to the filing, will go toward working capital as well as to "provide liquidity for our shareholders, and facilitate our future access to public markets." While not divulging which symbol it would prefer to be known as, Morningstar did say in the filing that it intends to be listed on either
