Listing Sought
An Initial Public Offering is one option being considered by iHEARTMEDIA, INC. as a route to getting its stock listed on a major exchange, the company disclosed in a statement issued TODAY (3/22).
The company said in the statement that it is "evaluating potential paths to achieve its listing following emergence from its restructuring process in the second quarter of this year," pursuant to a requirement in its reorganization plan that it use "reasonable best efforts" to achieve listing on a recognized U.S. stock exchange once it emerges from the bankruptcy process. Paths mentioned in the statement included "a direct listing on a recognized U.S. stock exchange or an initial public offering."
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