U.S. business software company BMC Software Inc is holding conversations with investment banks about an initial public offering (IPO) that could value it at more than $10 billion, including debt.
The move comes as the private equity firms that control BMC - Bain Capital and Golden Gate Capital - consider ways to start cashing out on their investment after taking the company private in 2013 in a $6.9 billion leveraged buyout.
BMC has held discussions with banks in recent weeks about appointing underwriters for an IPO.
The company generated revenue of $1.8 billion for the 12 months that ended September 30.