Posts Tagged "Media IPO"

FRANKFURT (Reuters) – Springer Nature, the publisher of science magazines Nature and Scientific American, is planning to raise 1.2 billion euros ($1.5 billion) by selling new shares in an initial public offering (IPO), also providing an opportunity for its private equity owner to cash in. While buyout group BC Partners will sell some of its shares in the listing, German publisher Holtzbrinck, which owns 53 percent, will hold on to its stake, Springer Nature said in a statement on Thursday.

Time Out tourism city magazine IPO float shares tanked Oakley CapitalTime Out’s stockmarket debut fails to dazzle: One star – needs improvement. That’s likely what the army of writers at Time Out (TMO) would be thinking if they had to review the media group’s stockmarket flotation Tuesday. Shares in the culture and entertainment mag fell 10% on their first day trading on AIM, and questions must surely be asked about the timing, coming as it does amid a major sell-off ahead of the European Union referendum next week

Time Out, the publisher that recommends things to do in cities from New York to Beijing, has conditionally raised £90m ahead of listing on London’s junior stock market, as it embarks on an ambitious growth plan

Star fund manager Neil Woodford is expected to be among investors in line to pick up a stake in media group Time Out when it unveils plans for its London listing tomorrow

The business, which owns a raft of business titles including Retail Week and Health Service Journal as well as the Cannes Lions advertising festival, will float on Tuesday for up to £840 million. GMG and Apax will sell up to 20 per cent of their stake with shares priced at between 200p to 210p each