Univision moves forward with IPO plans


Details

Juan Fernandez Gonzalez

| 15 January 2016




Univision has delivered a preliminary prospectus to Wall Street, continuing the initial public offering (IPO) process started last year.



Univision hopes to go public this year for an initial value of $20 billion in a move that has been called one of the ten to-follow IPOs in 2016.

According to the newspaper El País, the document delivered this week to New York's Stock Exchange, doesn't specify the total value of the company, but states the size of it and its growth potential.

With 59 TV networks and 67 radio stations across the US, Univision is the largest Hispanic media group in the US and will reach 77 million Latinos by 2030. One of the secrets of Univision's strengthen is its close relationship with Mexico's producer Grupo Televisa.

The IPO, which was initially planned for the second half of 2015, is being led by Goldman Sachs, Morgan Stanley and Deutsche Bank. Although no date or value has been disclosed as yet, the move has already been named as the major IPO within media business for a decade.