Univision Files for IPO

By Kevin Eck 

Univision Holdings has filed for a proposed IPO of its Class A common stock.

Univision Holdings is the parent company of Spanish-language Univision Network.

Reuters reports the company has extended its broadcast agreement wit Grupo Televisa, “the world’s biggest provider of Spanish-language TV content” until “‘at least’ 2030.”

Univision didn’t say how many shares it would offer, but “quoted a nominal fundraising amount of $100 million.”

Televisa, among the company’s top investors, will hold about 22 percent of the voting rights of Univision’s common stock under the new agreement.

Univision also counts Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group among its investors.

Morgan Stanley, Goldman Sachs and Deutsche Bank Securities are among the underwriters to the IPO, Univision said in a filing with the U.S Securities and Exchange Commission on Thursday.

New York-based Univision, which serves American Hispanics, said it intends to list under the symbol “UVN”.

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