As indicated in their bankruptcy documents, now that Houghton Mifflin Harcourt has cleansed their balance sheet they are hoping to prepare for a sale of shares to the public. Thus begins a campaign to woo the financial press, with stories today in both the Financial Times and the Wall Street Journal. CEO Linda Zecher tells FT she hopes they can pursue an IPO “over the next 18 to 24 months.” After the unsuccessful effort to sell the small trade division in 2009, Zecher says its place is secure: “What we can gain from trade is far greater than [the benefits […]
