The shareholders approval for Prism's IPO signals a company positioning itself for greater scrutiny as it transitions toward public markets, even as it retains flexibility over when, and how, it ultimately lists.
Prism will ask shareholders this weekend to approve a $744 million IPO. What it isn’t saying, yet, is the valuation it’s aiming for. After years of expansion, restructuring, and mixed financials, the unanswered question is what the company is actually worth.
After two abandoned IPO attempts, the latest notice has a sense of deja vu. But Prism wants back in, and this time it’s turning up with a financial book that looks far sturdier.