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Merriam-Webster Publisher Britannica Looking to Go Public in 2023

  • Centuries-old encyclopedia company has moved into edtech space
  • CEO sees opportunity to accelerate growth in wake of pandemic
Merriam-Webster's Collegiate Dictionary and mobile website.

Merriam-Webster's Collegiate Dictionary and mobile website.

Photographer: Joanne K. Watson/Merriam-Webster/Getty Images
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Britannica Group, the publisher of the Merriam-Webster dictionary as well as its historic namesake encyclopedia, is weighing an initial public offering as soon as next year, according to people with knowledge of the matter. 

The company, now an education-technology business with mostly digital products, could be valued at more than $1 billion in an IPO, the people said, asking not to be identified discussing private matters. It’s also considering raising private capital ahead of the listing, the people said.