Nine eyeing $3bn float: report

Group appoints 3 banks to handle IPO, making float this year a near certainty.

Nine Entertainment Co is eyeing a resurgence in the local stock market following an expected coalition victory in the September 7 election as its launch pad for a $3 billion float, The Australian reports.

According to the newspaper, the group appointed UBS, Macquarie and Morgan Stanley to handle the initial public offering over the weekend, making a float this year a near certainity. 


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