Elliott Considers IPO for Barnes & Noble and Waterstones

Elliott Management, the owner of Barnes & Noble and Waterstones, is exploring an initial public offering (IPO) for the book retailers. Bloomberg posted on X, citing sources familiar with the situation, that the investment firm has invited investment banks to propose roles for the potential IPO. The move indicates Elliott's interest in taking the book retail chains public, although further details about the timeline or valuation have not been disclosed. The decision to pursue an IPO comes as the retail sector continues to adapt to changing consumer behaviors and market conditions.