Nielsen To Raise $1.8 Billion Through IPO
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Measurement and analytics company The Nielsen Company has announced recently that they are issuing about 71.4 million shares of common stock at $23 per share as part of an upcoming IPO. The company will hit a total value of $1.8 billion based on $1.5 billion of the common stock and a $240 million bond offering after paying commissions. Nielsen will use the shares it receives to repay some of its outstanding debt and to pay a termination agreement fee to Blackstone Group, Carlyle Group, Kohlberg Kravis & Roberts, and Thomas H. Lee Partners. Nielsen Holdings NV (NYSE:NLSN) now has a $6.88 billion market cap.