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The Boston Globe

Business

Houghton IPO could raise $250m, analysts say

Boston book publisher Houghton Mifflin Harcourt has filed for an initial public offering of stock that analysts say could raise $250 million, a sign that the company’s prospects are improving one year after it emerged from bankruptcy.

Chief executive Linda K. Zecher has talked openly about taking the publisher public since last summer, when creditors agreed to exchange $3.1 billion of debt for stakes in the company. An IPO could help the lenders begin to recoup their investments.

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