Fashion TV plans IPO

Fashion TV is planning an IPO of 20% of its capital to finance development, according to local reports.

The channel, founded in France in 1997, will float on the Frankfurt and Vienna stock exchanges from either October or November. Fashion TV, which broadcasts to over 400 million homes in 24 countries, is valued at between €200 and €250m. It has an annual turnover of €50m. The channel will use additional funds to increase its penetration in the US and China.