Summary
- iHeartMedia has filed to raise $100 million in an IPO, although the final figure will likely be much higher.
- The company provides streaming content and technologies to users worldwide.
- IHRT is emerging from bankruptcy and in the process of separating from its Clear Channel and related subsidiaries.
- This idea was discussed in more depth with members of my private investing community, IPO Edge. Start your free trial today »
Quick Take
iHeartMedia (IHRT) intends to raise $100 million in an IPO of its Class A common stock, according to an S-1 registration statement, although the final figure may be much higher.
The firm operates an online radio station and audio streaming service worldwide.
IHRT is emerging from bankruptcy, separating from its Clear Channel subsidiary, and will have significant debt to pay down with the IPO proceeds.
I’ll provide an update when we learn more details about IPO assumptions.
