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Scribd reportedly planning to going public on a $1B valuation
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Document, book and audiobook subscription firm Scribd Inc. is in discussions to go public later this year, according to a report today from Bloomberg.
The report, referencing people with knowledge of the matter, said the company has held talks with potential advisers on an initial public offering or a merger with a special-purpose acquisition company. The deal would value Scribd at about $1 billion, with an IPO in the fourth quarter a possibility.
Founded in 2007, Scribd initially started as a document-sharing service and was described at one time as the “YouTube for documents.” It later evolved into a subscription service for books, audiobooks, magazine articles, documents and more. The company’s e-book subscription service is available on Android and iOS along with Kindle Fire, Nook and personal computers.
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If you are a woman â and if youâre not, youâre more than welcome here, too â you have relationships of all shapes and sizes, closeness and casualness, complexity and simplicity. Whether you secretly feel lonely, consider yourself rotten at relationships, or feel like you have too many to ever grab a minute alone, I can guarantee that a significant portion of your mental energy is expended navigating and negotiating the connections you have with the people in your life.
I hope youâre the kind of human being who will smile at the stranger passing you in the grocery store, say good morning even when itâs raining outside and offer your seat on the subway to an elder. Congratulations! These are all tiny little relationships. They mean a lot to the recipient of your seemingly insignificant kindness and consideration.
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