NDS will seek a listing on the London Stock Exchange next year, according to CEO Abe Peled, cited by Reuters.
Peled, speaking to Reuters at the CCBN event in China, said NDS would most likely pick London for its listing. He added that if the company built a large enough presence in China in the future, it would consider that country for a secondary listing.
NDS was previously listed on the NASDAQ market, but was taken private last year by majority owner News Corp and private equity group Permira in a deal that valued the company at about US$3.6bn (2.7bn). News Corp holds a 51% stake, with Permira taking the remainder.
At the time the price was seen by some analysts (such as RBC Capital Markets) as low Â the original US$60 a share offer was raised to US$63 to win the support of minority shareholders.
Peled said he expected revenue from Asia to make up about 17% of the companyÂs total this year.
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10 April 2021 @ 16:00:01 UTC