Merriam-Webster Publisher Britannica Said to Plan 2023 IPO (1)

Britannica Group, the publisher of the Merriam-Webster dictionary as well as its historic namesake encyclopedia, is weighing an initial public offering as soon as next year, according to people with knowledge of the matter.

The company, now an education-technology business with mostly digital products, could be valued at more than $1 billion in an IPO, the people said, asking not to be identified discussing private matters. It’s also considering raising private capital ahead of the listing, the people said.

The timing of a listing will depend on market conditions and Britannica could decide to remain private, they added.

Britannica, ...