Waterstones and Barnes & Noble owner looks to list booksellers on stock market

AI Summary
Elliott Investment Management, owner of Waterstones and Barnes & Noble, is reportedly considering listing the booksellers on the stock market. The hedge fund has engaged with potential advisors regarding an initial public offering (IPO), with London potentially favored over New York for the listing. While discussions are in early stages and plans could change, an IPO is unlikely before late summer at the earliest. James Daunt, CEO of both booksellers, has suggested an IPO is likely, as private owners typically aim to sell businesses. Elliott acquired Waterstones in 2018 and Barnes & Noble in 2019, and an IPO would be a boost to the UK stock market.
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