RiskMetrics Group Inc., a provider of risk management and corporate governance products and services, disclosed terms of its planned initial public offering in a Securities and Exchange Commission filing Tuesday.

The New York-based company expects the IPO to total 14 million shares and price between $17 and $19 each.

RiskMetrics plans to offer roughly 10 million shares and a group of stockholders intend to sell the remaining 4 million shares.

Based on the expected price range, RiskMetrics would have a market cap of between $982.6 million and roughly $1.1 billion. The company projects raising about $164.4 million, after fees and expenses, from its portion of the offering, assuming an IPO price of $18 per share.

RiskMetrics plans to use proceeds from the offering to pay debt and for general corporate purposes.

RiskMetrics provides its clients with products and services that allow them to measure portfolio risk across security types, geographies and markets. Its flagship RiskManager market risk system is provided as a secure, interactive web-based application service or as a fully outsourced risk reporting service.

In January, RiskMetrics bought ISS, which provides corporate governance and financial research and analysis services to institutional investors and corporations, including a fully outsourced proxy research, voting and vote reporting service.

The company sells its products and services primarily on an annual subscription basis. As of Sept. 30, it had about 3,500 clients in 50 countries

For the nine months ended Sept. 30, RiskMetrics reported net income of about $1.2 million, compared with $12.3 million the year-ago period. Revenue for the period more than doubled to $172.7 million from $75.3 million in the first nine months of 2006.

RiskMetrics noted that its principal stockholders, including Chairman and Chief Executive Ethan Berman, General Atlantic LLC and Spectrum Equity Investors IV LP, will together own more than 60 percent of the company's common stock after the IPO.

Berman was a founding member of the company at the time of its spinoff from JPMorgan in 1998. Before that he was responsible for JPMorgan's Risk Management Services Group.

Credit Suisse, Goldman Sachs and Banc of America Securities LLC are serving as the IPO's lead underwriters. Citi, Merrill Lynch and Morgan Stanley are also underwriting the offering.

The underwriters have an option to buy up to 2.1 million additional shares to cover any over-allotments.