Sunday, November 22, 2015
Getty Images Returning to the Stock Market with an IPO?
According to the NASDAQ website (here) the Financial Times is reporting that Goldman Sachs has been retained to consider an IPO and other options. Photo Business News reported that federal regulators had approved Hellman & Friedman taking Getty private (Getty Images - Moving Forward, 3/19/08) at a rate of $2.1B (according to Forbes) and $2.4B according to the Nasdaq site. They are considering a valuation for the IPO of $4B. Getty at one point saw highs of $90+ a share in their heyday, before plummeting and then going private. With the Shutterstock IPO revealing their average stock sale of $2.05 per image in an SEC filing (as reported by Photo District News, here), how can Getty see a $4B valuation? Dubious, at best.
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