Tom McKay

The owners of Nine Network, hedge funds Apollo and Oaktree have reportedly settled on the first fortnight of December as the ideal time for an IPO of the TV network. The AFR reported that low interest rates and a strong stock market along with increased advertising revenue and rising business confidence has encouraged the float. It is hoped that the IPO will raise between $800 million and $1.2 billion to pay off debt and repay Apollo and Oaktree. (VIEW LINK)


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