initial public offerings (IPOs) trading on American exchanges

Saturday, July 22, 2017 aiming for 2017 IPO

  • is close to hiring banks to lead an initial public offering of the company this year, Bloomberg reports.
  • Company is said to work with Morgan Stanley, Goldman, JPMorgan
  • Permira, Spectrum took genealogy company private in 2012 LBO

The private equity-backed company is working with Morgan Stanley, Goldman Sachs and JPMorgan for the listing, which could give it a market value of more than $3B. already generates more than $1B in revenue and has a growth rate of about 25%.  It’s grown rapidly through new ventures such as its DNA testing kits.

No comments:

Post a Comment