Time Out Owner to Fund Expansion by Going Public

Guardian: Nearly 50 years since its founder put a first edition together from his mother’s kitchen table, Time Out has announced it intends to float on the stock market with an expected valuation between £185 million and £225 million. Now a global digital media business 76 percent owned by private equity investors Oakley Capital, it hopes to raise about £90 million to fund expansion and repay £25 million of net debt.