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Vice has raised $450M ahead of a potential IPO

Original story at TechCrunch• 4 mentions • 1 month ago

TechCrunch 1 month ago

 
Vice Media has raised $450M in new funding from private-equity firm TPG, with a deal valuing the media company around $5.7 billion post-money. Shane Smith, co-founder and CEO of Vice was just on CNBC answering questions about the funding and Vice’s plans to eventually become a public company. While remaining cryptic, Smith did note that this raise is “what we would do if we were going to go public…start building our book, and bringing in revenue on a sort of hockey stick basis”. Smith also emphasized how recent IPOs (especially from companies like Snap) have shown that you need a ...
 
 
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What they're saying:

16 Jul
Matthew Yglesias @mattyglesias
Fact: If you say "millennials" three times while clicking your heels, a revenue strategy will emerge. https://t.co/oNbytxUT5y
16 Jul
Annie Lowrey @AnnieLowrey
So Vice is becoming a stock-photo company, except all the stock photos are videos of millennials? https://t.co/wCbBnpEIjK
19 Jun
Mathew Ingram @mathewi
Vice's latest $450M raise is part of "what we would do if we were going to go public" says @shanesmith30 https://t.co/EbE2joZMPH
19 Jun
TechCrunch @TechCrunch
Vice has raised $450M ahead of a potential IPO https://t.co/v9BqoqsSa0 by @fitztepper