(Reuters) -Consumer intelligence company NIQ Global is targeting a valuation of up to $7.08 billion in its U.S. initial public offering, as private equity-backed listings start to trickle in after a slowdown.
The Chicago, Illinois-based company, backed by investment giants Advent International and KKR, is aiming to raise up to $1.20 billion by offering 50 million shares priced between $20 and $24 apiece, it said on Monday.
PE-backed IPOs sharply slowed down in the second quarter as tariff-driven turmoil weighed on the new listings market.
McGraw Hill, a textbook publisher and educational courses provider backed by billionaire Tom Gores’ buyout firm Platinum Equity, also kicked off its U.S. IPO roadshow on Monday.
NIQ will list on the New York Stock Exchange under the symbol “NIQ.” J.P. Morgan, BofA Securities, and UBS Investment Bank are the lead underwriters for the offering.
