Former Nielsen Unit Files for US IPO Showing Narrowing Losses

NIQ Global Intelligence Plc filed for an initial public offering, earmarking the proceeds to pare its debt load.

The private equity-backed former consumer intelligence unit of Nielsen Holdings had a net loss of $73.7 million on revenue of $966 million in the three months ended March 31, compared with a net loss of $174 million on revenue of $962 million in the same period a year earlier, according to its filing Friday with the US Securities and Exchange Commission.

Buyout firm Advent, in partnership with former TransUnion Corp. Chief Executive Officer Jim Peck, purchased the business from Nielsen for ...