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Nine Entertainment Co Pty Ltd Seeks To Raise $570 Million In IPO-Reuters

Wednesday, 30 Oct 2013 11:20pm EDT 

Reuters reported that Australia's Nine Entertainment Co Pty Ltd is seeking to raise as much as $570 million in an initial public offering, a person familiar with the process said, a move that will help the troubled TV network pay down debt. The up to AUD600 million offering will have an indicative price range of AUD2.05 to AUD2.35 a share, the person said, declining to be identified as the process is confidential. That would give the Company, which plans to list on December 6, a market capitalisation of AUD1.9 billion to AUD2.2 billion, the person added. 

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28 May 2015