FleetCor Technologies, a global provider of electronic payment cards to commercial fleets and oil companies, filed on Thursday with the SEC to raise up to $500 million in an initial public offering. The Norcross, GA-based company, whose predecessor was founded in 1986, booked $181 million in Adjusted EBITDA on $354 million in sales last year. Major stockholders include Summit Partners, Bain Capital and GCC Investments. The fleet card company plans to list on the NYSE under the symbol FCT with J.P. Morgan and Goldman, Sachs & Co. acting as the lead underwriters on the deal. Pricing terms and timing were not disclosed.
