TALKSPORT OWNER UNVEILS IPO PLAN.

Kelvin MacKenzie, the owner and chief of the Wireless Group, has unveiled plans to raise #35 million ($54.77 million) to #40 million through a placement of shares. The Wireless Group owns talkSport, the UK?s only dedicated sports radio station. Mackenzie said the firm expected to list on the London market on May 25.

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