Elliott Management is exploring an initial public offering for Barnes & Noble and Waterstones, the Financial Times reports, a notion that has been teased for years now. FT notes that Elliott has begun discussing the move with potential advisors, and that investment banks could be named early next year, though other details are sparse. The company’s fiscal year ends in April, so they conclude an IPO wouldn’t be offered at least until summer 2026. A source told FT that it is likely to be listed on the London Stock Exchange, “given the steady income being generated by the businesses, which […]
