Modern Media Acquisition, a blank check company backed by Macquarie to acquire a media company, filed and announced terms for its IPO on Wednesday.
The Atlanta, GA-based company plans to raise $250 million by offering 25 million shares at $10 per share. At the midpoint of the proposed range, Modern Media Acquisition would command a fully diluted market value of $313 million.
Modern Media Acquisition was founded in 2014 and plans to list on the Nasdaq under the symbol MMDMU. Macquarie Capital is the sole bookrunner on the deal.
