The public may soon be able to get a piece of Vice Media if CEO Shane Smith gets his way. During a breakfast gathering in Beverly Hills earlier this week, Mr. Smith said that the company has been taking a “hard look” at taking the millennial focused media giant public. The company is already talking to banks in preparation for an IPO possibly in 2017. But that isn’t all that’s in the works for the company. Smith says Vice is the future and that he hopes to go on a shopping spree buying up some media assets, tv and tech companies.
No final decision has yet been made on a Vice IPO. But Smith was bullish on the prospect, saying the ownership stakes media giants such as Disney and 21st Century Fox have in place compelled the company to take a hard look at its books, beginning the sort of due diligence that an IPO would require. “It’s ironic our partners forced us to go through that process and test the market, because when we went through that process, our actual growth metrics were higher” than had been anticipated, he said.