RUMOR MILL
Friday, June 28, 2019
NO IPO: iHEARTMEDIA HEADING FOR NASDAQ
iHeartMedia will begin trading on the NASDAQ Global Select Market under the ticker IHRT on 7/18, opting for a direct listing rather than an IPO.
iHeartMedia’s management team will meeting with investors the week of 7/15 in advance of the direct listing.
“Our listing on the NASDAQ will provide greater liquidity for existing shareholders, allow us to diversify our investor base, and give us improved access to public capital markets in the future,” said Bob Pittman, Chairman and Chief Executive Officer of iHeartMedia.
In April, the company proposed a $100m IPO with the potential to raise more than $1b. The listing tactic is similar to the one Spotify took a little more than a year ago.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
| ||
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
|
JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
