Playboy nears US$425 million deal to return to the stock market, sources say

REUTERS: Playboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp , which would value the owner of Playboy magazine at around US$425 million, including debt, people familiar with the matter said.

Mountain Crest is in discussions with investors who would contribute around US$100 million to the deal in the form of a private investment in public equity, or PIPE, transaction, the sources said. Reuters reported last week that Playboy was exploring going public through a SPAC merger. The New York Post reported the exclusive talks with Mountain Crest on Tuesday.Mountain Crest raised US$50 million in an initial public offering earlier this year with the goal of buying a private company, which would then become public as a result of the deal. SPACs have emerged in 2020 as an increasingly popular route to public markets over a traditional IPO.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Playboy nears US$425 million deal to return to the stock market, sources sayPlayboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp , which would value the owner of Playboy ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Playboy nears US$425 million deal to return to the stock market, sources sayPlayboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp , which would value the owner of Playboy ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Siemens sees market value of energy spin-off above US$20 billion: sourceSiemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros (US$19.98 billion) when it floats on the ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Tech stocks reverse rally to lead markets rout in Asia, US, EuropeASIAN stock markets tumbled on Tuesday, taking their cue from a Monday night sell-off in Europe and the United States. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »