Latest news with #JimPeck
Yahoo
4 days ago
- Business
- Yahoo
NIQ CEO on going public: ‘We're sitting on a goldmine of data. We cover 85% of the world's population'
In today's CEO Daily: Diane Brady talks to NIQ CEO Jim Peck. The big story: Trump's name appears in the Epstein files. The markets: Up on news of tariff deal with Europe. Analyst notes from Nomura Research Institute, Macquarie, and Oxford Economics on Trump's promise that Japan would invest $550 billion in the U.S. Plus: All the news and watercooler chat from Fortune. I spoke yesterday with NIQ CEO Jim Peck after his consumer intelligence firm had debuted on the New York Stock Exchange. Formerly NielsenIQ, it was created four years ago when the private equity firm Advent International bought Nielsen's Global Connect business in a leveraged buyout for $2.7 billion. When it comes to leveraging AI, access to proprietary and high-quality data is obviously a plus, and NIQ has plenty of that. Yesterday's IPO raised $1.05 billion for NIQ. With $4.3 billion in total debt on an adjusted EBITDA of $741 million last year, Peck needs the money. 'The real value is the capital,' he said. 'It's not a brand awareness thing. We're buying down the debt and increasing the cash flow.' After a transformation that included $400 million in AI upgrades, Peck says he's optimistic about what's next. 'We're a company that is perfectly suited to leverage AI in all its forms,' he argued. 'We're sitting on a goldmine of data. We cover 85% of the world's population as far as shopping behavior and we do business with every relevant brand and retailer on the planet.' 'We can tell them how their market share is doing in Brooklyn, New York. We can say whether it's because of a pricing promotion or something else, and we can tell them if more 60-year-old males are buying the product … We cover the earth's shopping behavior.' Fascinating stuff. Then again, the stock's 9.5% drop on its first day of trading shows investors also brought the company down to earth, CEO Daily via Diane Brady at This story was originally featured on
Reuters
6 days ago
- Business
- Reuters
Advent-backed NIQ valued at $6.1 billion as shares slip in NYSE debut
July 23 (Reuters) - Advent-backed consumer insights company NIQ Global (NIQ.N), opens new tab was valued at $6.1 billion as its shares dipped 3.6% in their NYSE debut on Wednesday, marking a rare setback in an otherwise strong stretch for initial public offerings. The stock opened at $20.25 per share, compared with the IPO price of $21 per share. While strong equity markets and upbeat IPO debuts have boosted optimism among companies and investors alike, NIQ's performance highlights that investors continue to be picky. The Chicago, Illinois-based company had priced its shares at the lower end of the $20 to $24 range it marketed earlier, raising $1.05 billion. NIQ delivers insights on consumer shopping behavior that brands and retailers use to fine-tune their products and strategies. It has about 23,000 clients including Coca-Cola (KO.N), opens new tab, Nestlé (NESN.S), opens new tab and Sony (6758.T), opens new tab and is led by Jim Peck, former CEO of credit information company, TransUnion (TRU.N), opens new tab. NIQ's revenue was $965.9 million for the three months ended March 31, slightly higher than a year earlier. Net loss attributable to it narrowed to $73.7 million, from $173.9 million a year ago. Proceeds from the IPO will be used to repay some debt and for other general corporate purposes, NIQ said. Circana and YouGov are some of the company's competitors. BofA Securities and UBS Investment Bank are among the underwriters for the IPO. The listing came more than four years after NIQ was spun off from Nielsen Holdings.
Yahoo
6 days ago
- Business
- Yahoo
Advent-backed NIQ raises $1.05 billion in US IPO
(Reuters) -Consumer insights company NIQ Global [NIQ.N], backed by investment firms Advent International and KKR, said on Tuesday it had raised $1.05 billion in its initial public offering in the United States. About 50 million shares were priced at $21 each in the IPO, valuing NIQ at $6.35 billion. The move sets the stage for the company's debut on the New York Stock Exchange on Wednesday, amid a wave of recent IPOs in a market that is showing signs of revival after a prolonged slowdown. NIQ, which provides insights into consumer shopping behavior to help brands and retailers refine their products and strategies, has about 23,000 clients, including Coca-Cola , Nestlé and Sony. The Chicago, Illinois-based company is led by Jim Peck, the former CEO of credit information firm TransUnion. For the three months ended March 31, NIQ reported revenue of $965.9 million, a slight increase from the prior year. Its net loss attributable to the company narrowed to $73.7 million, compared to $173.9 million a year earlier. Proceeds from the IPO will be used to repay some debt and for general corporate purposes, NIQ said. The company's competitors include Circana and YouGov. BofA Securities and UBS Investment Bank are among the underwriters for the IPO. The listing comes more than four years after NIQ was spun off from Nielsen Holdings. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Advent-backed NIQ raises $1.05 billion in US IPO
(Reuters) -Consumer insights company NIQ Global [NIQ.N], backed by investment firms Advent International and KKR, said on Tuesday it had raised $1.05 billion in its initial public offering in the United States. About 50 million shares were priced at $21 each in the IPO, valuing NIQ at $6.35 billion. The move sets the stage for the company's debut on the New York Stock Exchange on Wednesday, amid a wave of recent IPOs in a market that is showing signs of revival after a prolonged slowdown. NIQ, which provides insights into consumer shopping behavior to help brands and retailers refine their products and strategies, has about 23,000 clients, including Coca-Cola , Nestlé and Sony. The Chicago, Illinois-based company is led by Jim Peck, the former CEO of credit information firm TransUnion. For the three months ended March 31, NIQ reported revenue of $965.9 million, a slight increase from the prior year. Its net loss attributable to the company narrowed to $73.7 million, compared to $173.9 million a year earlier. Proceeds from the IPO will be used to repay some debt and for general corporate purposes, NIQ said. The company's competitors include Circana and YouGov. BofA Securities and UBS Investment Bank are among the underwriters for the IPO. The listing comes more than four years after NIQ was spun off from Nielsen Holdings. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
6 days ago
- Business
- Reuters
Advent-backed NIQ raises $1.05 billion in US IPO
July 22 (Reuters) - Consumer insights company NIQ Global [NIQ.N], backed by investment firms Advent International and KKR (KKR.N), opens new tab, said on Tuesday it had raised $1.05 billion in its initial public offering in the United States. About 50 million shares were priced at $21 each in the IPO, valuing NIQ at $6.35 billion. The move sets the stage for the company's debut on the New York Stock Exchange on Wednesday, amid a wave of recent IPOs in a market that is showing signs of revival after a prolonged slowdown. NIQ, which provides insights into consumer shopping behavior to help brands and retailers refine their products and strategies, has about 23,000 clients, including Coca-Cola (KO.N), opens new tab, Nestlé (NESN.S), opens new tab and Sony (6758.T), opens new tab. The Chicago, Illinois-based company is led by Jim Peck, the former CEO of credit information firm TransUnion (TRU.N), opens new tab. For the three months ended March 31, NIQ reported revenue of $965.9 million, a slight increase from the prior year. Its net loss attributable to the company narrowed to $73.7 million, compared to $173.9 million a year earlier. Proceeds from the IPO will be used to repay some debt and for general corporate purposes, NIQ said. The company's competitors include Circana and YouGov. BofA Securities and UBS Investment Bank are among the underwriters for the IPO. The listing comes more than four years after NIQ was spun off from Nielsen Holdings.
