Univision files for IPO; eyes to raise $100 million
03/07/2015 14:29

Univision, an American Spanish language broadcast television network, on Thursday has filed papers with the Securities and Exchange Commission to launch an initial public offering of its stock, as per a Reuters report.

The company, which aims to raise up to USD 100 million from the public listing of its shares, intends to use the corpus to repay debt and for general corporate purposes, Reuters reported.

According to Reuters, the New-York based firm has returned to the capital market after the company established itself as one of the largest US television destinations, in line with local rivals such as ABC, CBS, Fox and NBC.

The company’s owners — Saban Capital Group, Madison Dearborn Partners, Providence Equity Partners, Thomas H. Lee Partners, TPG Capital and Mexico’s Grupo Televisa — have appointed Goldman Sachs, Morgan Stanley and Deutsche Bank to lead the IPO, as per media reports.