Credit: Shutterstock photoTownsquare Media, an Oaktree-backed operator of 312 radio stations in small and mid-sized markets, raised $92 million by offering 8.3 million shares at $11, well below the $14 to $16 range. Townsquare Media will list on the NYSE under the symbol TSQ. BofA Merrill Lynch, Jefferies and RBC Capital Markets acted as joint bookrunners on the deal.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
