WRI recently had some changes including a Feargal Mooney becoming chief executive. An Irish newspaper covered the speculation of a stock market floatation:
The moves have fuelled speculation of a stock market floatation, although the company played down expectations of an early move.
Feargal Mooney, who has taken over as chief executive from WRI founder Ray Nolan, said the company was targeting Asia following the opening of an office in China. It recently opened an office in New York. The company also wants to increase its revenues from advertising on its websites, which attracted 83 million visitors last year.
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Mooney said the company had regularly been the subject of speculation about a stock market flotation or takeover, but would not be drawn on specific plans. ‘‘There always have been rumours and there always will be,’’ Mooney said."We are always making plans and building the infrastructure of the company for any opportunities - whether that’s a trade sale or a capital market event. We have the infrastructure and management in place for whatever event that might be. We always want to be ready for when the time is right."
Full story here
