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Book publisher IDW Media Holdings files for an $8 million NYSE uplisting

July 6, 2021

IDW Media Holdings, a publisher of comic books, graphic novels, and art books, filed on Tuesday with the SEC to raise up to $8 million in a NYSE uplisting. 

IDW Media Holdings operates two main lines of business: IDW Publishing, which creates comic books, graphic novels, digital content, and games; and IDW Entertainment, which seeks to turn properties, primarily from IDW Publishing, into television series. In January 2020, IDW Publishing and the Smithsonian Institution announced a multi-year global publishing program, which will create a library of graphic novels built on the cultural and scientific knowledge of the world’s largest museum, educational, and research complex. Because its market cap is less than $50 million, IDW Media Holdings will be excluded from RC stats.

The Newark, NJ-based company was founded in 1999 and booked $38 million in sales for the 12 months ended April 30, 2021. It plans to list on the NYSE under the symbol IDW. EF Hutton is the sole bookrunner on the deal. No pricing terms were disclosed.