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Outsourced broadcast news: NEP Group files for a $100 million IPO

June 29, 2015

NEP Group, the largest global provider of outsourced live and broadcast production solutions, filed on Monday with the SEC to raise up to $100 million in an initial public offering.

The Pittsburgh, PA-based company, which was founded in 1986 and booked $451 million in sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol NEPG. NEP Group initially filed confidentially on July 24, 2014. Barclays, Morgan Stanley, Jefferies, Macquarie Capital and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.