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Scribd reportedly planning to going public on a $1B valuation SHARE Document, book and audiobook subscription firm Scribd Inc. is in discussions to go public later this year, according to a report today from Bloomberg. The report, referencing people with knowledge of the matter, said the company has held talks with potential advisers on an initial public offering or a merger with a special-purpose acquisition company. The deal would value Scribd at about $1 billion, with an IPO in the fourth quarter a possibility. Founded in 2007, Scribd initially started as a document-sharing service and was described at one time as the “YouTube for documents.” It later evolved into a subscription service for books, audiobooks, magazine articles, documents and more. The company’s e-book subscription service is available on Android and iOS along with Kindle Fire, Nook and personal computers.

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