Deals
Nine Entertainment Owners Said to Seek A$2.6 Billion IPO Value
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Nine Entertainment Co.’s owners, including Apollo Global Management LLC and Oaktree Capital Group LLC, will seek a valuation including debt of about A$2.6 billion ($2.5 billion) in the company’s initial public offering, according to a person with knowledge of the matter.
The IPO will value the media company at about 8.5 times its forecast earnings before interest, tax, depreciation and amortization of A$305 million, said the person, who asked not to be identified as the information is private. The shares will be marketed at A$2.05 to A$2.30 apiece, the person said.