July 14 (Reuters) -
Consumer intelligence company NIQ Global is targeting a
valuation of up to $7.08 billion in its U.S. initial public
offering, as private equity-backed listings start to trickle in
after a slowdown.
The Chicago, Illinois-based company, backed by investment
giants Advent International and KKR, is aiming to raise
up to $1.20 billion by offering 50 million shares priced between
$20 and $24 apiece, it said on Monday.
PE-backed IPOs sharply slowed down in the second
quarter as tariff-driven turmoil weighed on the new listings
market.
McGraw Hill, a textbook publisher and educational
courses provider backed by billionaire Tom Gores' buyout firm
Platinum Equity, also kicked off its U.S. IPO roadshow on
Monday.
NIQ will list on the New York Stock Exchange under the
symbol "NIQ." J.P. Morgan, BofA Securities, and UBS Investment
Bank are the lead underwriters for the offering.