Shares of TransUnion rise after credit ratings company's IPO raises $664.8M

MarketsAssociated Press

Shares of TransUnion are climbing in morning trading after the credit rating company's initial public offering raised $664.8 million.

The Chicago-based company sold about 29.5 million shares for $22.50 a share, near the high end of its estimates.

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Its shares climbed $2.11, or 9.4 percent, to $24.61 in morning trading. They traded as high as $25.14 earlier.

The shares are trading under the symbol "TRU" on the New York Stock Excanhge.

TransUnion provides consumer reports, risk scores and analytics to businesses, while consumers use TransUnion to view their credit profiles and manage personal information. The company is one of the three largest credit reporting agencies in the U.S. along with Experian and Equifax.

According to the IPO ETF firm Renaissance Capital, TransUnion is the fifth-largest U.S. IPO of 2015. Three of those five have come in June.