Scribd Plans to Go Public at $1 Billion Valuation

Scribd Inc., an online platform for e-books, podcasts and audio books, is in discussions to go public as soon as this year, according to people with knowledge of the matter.

The company has held talks with potential advisers about an initial public offering or merger with a blank-check company, the people said, asking not to be identified because the information is private. Scribd could be valued at about $1 billion in any transaction, the people said. While no final decision has been made, an IPO by the fourth quarter is a possibility, one of them said.