According to the Times, the company has gauged investor desire for an IPO of a trust that would participate in US bad debt.
Stockbroker Cenkos has reportedly been hired to work on the potential deal.
IPOs of investment funds are stagnating, there will be no start-ups in 2022
Mudrick Capital has been contacted for comment.
Mudrick Capital was founded in 2009 by Jason Mudrick, who also serves as the fund’s CIO. The company has offices in New York and London and expanded into Europe two years ago by acquiring a debt fund from private equity group CVC.
The company came under the spotlight two years ago during the US market boom fueled by retail investors on social media, when Mudrick raised nearly $200 million in a single month thanks to its stakes in cinema chain AMC Entertainment and video game retailer GameStop took.
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