Ever since Houghton Mifflin Harcourt’s second bankruptcy reorganization in 2012, the company has aspired to offer shares to the public (giving their lender/owners a chance to recoup some money). A year ago ceo Linda Zecher told the press she hoped the company could prepare an IPO “over the next 18 to 24 months,” and now Reuters reports progress on that front, right on schedule. Sources say HMH has hired Morgan Stanley, Goldman Sachs, Citigroup, Credit Suisse and Wells Fargo to prepare an IPO. The current expectation is raise approximately $250 million in equity, with an offering aimed at the fourth […]
