Glam Media choosing bankers for an IPO

Business Insider is reporting that Glam Media is listening to the sales pitches of about 14 Wall Street banks in preparation for an IPO. They quote “a source familiar with the situation”.

The report says that Glam hasn’t made any decisions yet,  though Bank of America (Merrill) had an early edge.

Glam Media raised its fifth round of venture capital last year – $50 million from aeris CAPITAL. The company did not disclose the valuation of the round, but it was rumoured to be around $750 million.

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USA, Brisbane, CA

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