NEP Group files for IPO

DetailsMichelle Clancy | 21 July 2015

NEP Group, a largest global provider of outsourced live and broadcast production solutions, has announced terms for its IPO.

The Pittsburgh -based company plans to raise $208 million by offering 13 million shares at a price range of $15 to $17.

In an investor note Renaissance Capital's research analysts pointed out that at the midpoint of the proposed range, NEP Group would have a market value of $616 million.

NEP Group, was founded in 1986. It plans to list on the NYSE under the symbol NEPG as it develops technology for broadcast TV.