Encyclopædia Britannica Eyes $1 Billion IPO in June

The storied publisher aims for a major market debut, marking a shift towards digital and online learning.

Encyclopædia Britannica is planning a stock market debut with a valuation of around $1 billion, potentially as early as June.
The company, known for publishing the oldest English-language general encyclopedia, has shifted its focus to digital editions and online learning in recent years.
Owned by Swiss financier Jacob E Safra since 1996, Britannica has been preparing for an IPO for the last two years.
In addition to the Encyclopædia Britannica, the company also publishes the Merriam-Webster dictionary and owns a natural language processing platform.
The move to go public marks a significant transition for the company, which ceased publishing its print edition in 2012 to diversify and digitize.