iHeartMedia, the largest US radio station owner and operator with 848 stations, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder.
The San Antonio, TX-based company was founded in 1972 and booked $3.6 billion in sales for the 12 months ended December 31, 2018. It has not disclosed a proposed ticker or exchange. Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.
