Banctec, a provider of document processing, payment processing and information technology services, announced on Monday plans for an initial public offering of up to $50 million in common stock.
The company said it will use the proceeds for general corporate purposes, including pursuing strategic growth opportunities.
Banctec said the offering was subject to market conditions.
The Dallas-based company has around 2,250 employees in 14 countries.
(Reporting by Juan Lagorio; Editing by Steve Orlofsky)