Report: Univision Eyes IPO For Later This Year
April 25, 2016 at 3:55 AM (PT)
UNIVISION's initial public offering is now being considered for the second half of 2016, reports BLOOMBERG.
The delayed IPO, first announced last JULY, is projected to raise up to $1 billion for the broadcaster, which BLOOMBERG, citing "people with knowledge of the matter," says will happen if the company would see its market value exceeding $6.5 billion via the offering, although the report does not indicate how many shares nor what percentage of the company would be sold.
UNIVISION went private in 2007 in a $12.3 billion deal headed by SABAN CAPITAL GROUP. The IPO will be led by MORGAN STANLEY, GOLDMAN SACHS, and DEUTSCHE BANK AG.