- Posted by Alicia Monsalve 03 Jul
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Univision announces IPO Plans
Univision Holdings Inc., owner of the dominant Spanish-language broadcaster in the U.S., kicked off the process to go public aiming for a stock market value of around $10 billion.
A recent article by Shalini Ramachandran and Lisa Beilfuss published by The Wall Street Journal says that Univision IPO launching is attracting investors to its influential Hispanic base amid seismic digital shifts that are reshaping the television industry.
Read the article in this link.
An article in Forbes Magazine said that “following months of speculation from industry observers, Univision filed for an initial public offering Thursday morning. The company will trade on either the New York Stock Exchange or the Nasdaq (it has not yet specified which one) under the ticker “UVN.”
It also cited that “Morgan Stanley MS -0.91%, Goldman Sachs and Deutsche Bank are acting as the lead underwriters for the deal. Though Univision neither provided the number of shares it is offering nor its expected per-share price range, prior reports have estimated that it could raise up to $1 billion in an IPO, an amount that would value the company as high as $20 billion.”
Read the article in this link.
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