Univision Holdings, Inc. has filed for an initial public offering of Class A common stock in the U.S.
The number of shares that will be offered as well as the price range for the offered shares has not yet been determined, but the proposed maximum offering size has been announced at $100 million.
The company, which owns the Spanish-language television networks Univision, Galavisión, UniMás, and the bilingual, millennial-focused Fusion, as well as Univision Radio Network, plans to list its shares on either the New York Stock Exchange or NASDAQ under the ticker, UVN.
Univision, who has exclusive long-term broadcast and digital rights to most of Grupo Televisa’s programing within the U.S., has also extended a broadcasting agreement with the company from its current expiration date of 2025 until “at least” 2030.
Under the new agreement, Televisa, one the company’s top investors, will hold about 22 percent of the voting rights of Univision’s common stock. Univision’s list of investors also includes Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners, and Saban Capital Group.
Morgan Stanley, Goldman Sachs, and Deutsche Bank Securities are among the underwriters of the IPO, Univision said recently in a filing with the U.S Securities and Exchange Commission.
At this moment, Univision finds itself in a feud with Donald Trump, the presidential candidate and former business partner of Univision who depicted Mexican immigrants as “rapists” and “drug-dealers” in a recent speech. Univision CEO Randy Falco cut ties with Trump in an effort to continue to “proudly serve as the voice of Hispanics.”
While other television networks are struggling to keep their audiences from switching over to online-TV streaming services, Univision’s financial state continues steadily. The company generated $2.9 billion in full-year fiscal 2014 revenue, an increase from $2.6 billion in 2013 and $2.4 billion in 2012.
Additionally, studies on Hispanic population growth report that these numbers could soar even higher. Currently, there are more than 57 million Hispanics in the U.S., comprising 17 percent of the U.S. population. By 2030, those numbers are expected to jump to 77 million and 22 percent, respectively.