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

18th September, 2016
Teneo was set up by Declan Kelly

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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