| Published: | Jun 03, 2010 1:44 PM EDT |
| Updated: | Jun 03, 2010 10:45 AM EDT |
NEW YORK (AP) - Nielsen Holdings BV, the television ratings and
consumer research company, plans to raise up to $1.75 billion in an
initial public offering, the company said in a securities filing on
Thursday.
Nielsen, which is based in The Netherlands, said in a filing
with the Securities and Exchange Commission that it will use
proceeds to reduce its debt of $8.6 billion and for general
corporate purposes.
Nielsen was acquired in May 2006 by a group of private equity
firms, which included AlpInvest Partners, Blackstone Group, Carlyle
Group, Hellman & Friedman, Kohlberg Kravis Roberts and Thomas H.
Lee Partners.
The company did not say how many shares it plans to offer or the
price range it expects for them.
The volatility of the stock market could have a big effect on
how much Nielsen is able to raise. Investors have been looking for
discounts on recent IPOs. And an unusually high number of offerings
have ended up pricing below their expected range this year.
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