Venerable podcast network PodcastOne, founded by the late Norm Pattiz, will begin public trading in September, as announced by parent company LiveOne.
LiveOne is a Nasdaq-traded entity, but PodcastOne stock will live on one of many public exchanges, some of which are affiliated with Nasdaq. (See a list HERE.)
The listing will benefit 24,000 existing LiveOne stockholders, each of whom will receive 0.048 shares of PodcastOne common stock per share of LiveOne.
The upcoming listing is based on a valuation LiveOne received in February. At that time, PodcastOne was assigned a “fair market value range” of $230M – $274M.