Solera Corp., the Westlake-based global provider of SaaS solutions for the vehicle lifecycle ecosystem, announced in late June that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of common stock.

Bloomberg reported that Solera, backed by Vista Equity Partners, was seeking a valuation between $10 billion and $13 billion through its planned IPO.

The number of shares to be offered and the price range for the proposed offering have yet to be determined, according to Solera. The auto data company has applied to list its common stock on the New York Stock Exchange under the ticker symbol “SLRA.”

Goldman Sachs & Co., Morgan Stanley & Co., BofA Securities, and Jefferies will act as lead book-running managers for the offering. Citigroup and RBC Capital Markets will also serve as book-running managers, with Baird, BMO Capital Markets, Piper Sandler, Rothschild & Co., Stifel, William Blair, Wolfe | Nomura Alliance, KKR, Macquarie Capital, and Needham & Co. acting as co-managers.

According to Reuters, the filing disclosed an annual revenue increase of more than 3.5%.

Solera relocated from San Diego to North Texas in 2010. Founded in 2005, Solera went public in 2007 and was taken private in 2016 in a $6.5 billion acquisition by Visata Equity Partners. 

Earlier this year, Solera partnered with STELLA Automotive AI to launch ServiceAgent AI, a solution aimed at enhancing automotive customer experience through AI technology.