UK video-on-demand (VoD) concern Yes Television has committed to float by May 22, a spokesperson confirmed today (April 19).
The move comes after Yes put plans to float on hold after New York's high-tech stock exchange, the NASDAQ, plunged 9.7% last Friday. The flotation puts a post-IPO value on the company of $1.27bn (£800m).
The spokesperson said that despite yesterday's market recovery Yes had been advised to wait for a period of market stability.
Other VoD ventures set to float include Filmgroup, the company that includes theatrical distributor Redbus Film Distribution. Filmgroup has confirmed plans to float in the second quarter of this year.
London-based Video Network is also reportedly drawing up plans to float.