RUMOR MILL
Back to 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.

iHEART AN IPO,  DON'T YOU?
RESTRUCTURING OF iHEART OK'D
< PREVIOUS STORY
BACK TO RUMOR MILL
 
GOLDEN GLOBES: WICKED SNUBBED IN MAJOR CATEGORIES
Trifecta (1/6a)
Check It Out Now
BAD BUNNY'S SUNDAY DELIVERY
Domingo (1/6a)
Check It Out Now
SHIVERS, RUBIN, BAXTER EXIT WME, JOIN WASSERMAN
Agents of change (1/3a)
Check It Out Now
TOP 50: HAPPY NEW CHART
And away we go. (1/3a)
Check It Out Now
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
 Email

 First Name

 Last Name

 Company

 Country

By clicking submit you are agreeing
to Terms and Conditions