Rumour of imminent Teneo consultancy IPO wide of mark
Teneo at least 12 to 18 months away from being bought or floated on the market
Reports that Teneo, the US consulting firm co-founded by Tipperary man Declan Kelly, is set for an initial public offering are premature, according to sources close to the company.
Last week the Wall Street Journal reported that the New York-based company was eyeing up an IPO that could be worth as much as $1 billion (€890 million).
However, Teneo, which was set up by Kelly, Paul Keary and Douglas Band in 2011, is at least 12...
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Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year