FleetCor Files for $500 Million IPO

FleetCor, a Norcross, Ga.-based provider of branded fuel cards, has filed for a $500 million IPO. It plans to trade on the NYSE, with J.P. Morgan and Goldman Sachs serving as co-lead underwriters.

The company reports $354 million in 2009 revenue, compared to $341 million in 2008 and $264 million in 2007. Its 2009 net income was $89 million, down from $97 million in 2008.

FleetCor shareholders include Summit Partners, Bain Capital, Advent International, Advantage Capital, Nautic Partners, HarbourVest Partners and Performance Equity Management. www.fleetcor.com