Dun & Bradstreet priced its upsized IPO above the expected range, to raise $1.7 billion

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Dun & Bradstreet’s priced its upsized initial public offering above the expected range, as the data and analytics provider raised $1.723 billion, or 25% more than the high end of what was previously expected. The company said overnight Wednesday that it sold 78,302,272 shares at $22. On Friday, Dun & Bradstreet was set to raise up to $1.381 billion as it planned to offer 65,750,000 shares at $19 to $21 a share. With 400.55 million share outstanding after the IPO, the IPO pricing values the company at about $8.81 billion. The stock is expected to begin trading Wednesday morning on the NYSE, under the ticker symbol “DNB.” Goldman Sachs, BofA Securities, J.P. Morgan and Barclays are acting as joint lead bookrunning managers. The company is going public at a time that the Renaissance IPO ETF has soared 59.7% over the past three months, while the S&P 500 has climbed 25.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.