iHeartMedia is the latest audio operation to list on a U.S. stock exchange. It was approved for a listing on NASDAQ, with Class A common stock to be available under the ticker IHRT. iHeartMedia said a NASDAQ listing would be the optimal strategy since it exited bankruptcy. It expects to list on July 18.
“This is an exciting time for our company and an important step in the evolution of iHeartMedia,” Chairman and CEO Bob Pittman said. “Our listing on the NASDAQ will provide greater liquidity for existing shareholders, allow us to diversify our investor base, and give us improved access to public capital markets in the future.”