Publisher Houghton Mifflin Harcourt files for a US IPO that could raise upwards of $250 million

By Renaissance Capital,

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HMH Holdings, the holding company for publisher Houghton Mifflin Harcourt, filed on Friday with the SEC to raise up to $100 million in an initial public offering, although that amount is likely just a placeholder; we estimate the deal will raise $250 million or more. The Boston, MA-based company, which was founded in 1880 and booked $1.3 billion in sales for the 12 months ended June 30, 2013, plans to list under the symbol HMHC but it has yet to announce an exchange. Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.

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