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.
USA, Brisbane, CA
Related articles:
- Glam Media acquires German men’s online media company Fantastic Zero Posted on September 10, 2010
- Glam Media to acquire AdPortal August 13, 2010
- Glam Media, Inc. has raised approximately $50 million in a private equity mezzanine funding February 3
Fusion Corporate Partners 