US bookseller Barnes & Noble is to spin off its online operation and launch an initial public offering for the unit.
By separating its Web operation, Barnes & Noble hopes to cash in the success of other Internet companies? IPOs.
With around 1,000 retail outlets, the company is a household name in the US but has found itself having to keep pace with Internet rival Amazon.
Barnes & Noble plans to sell a 20 per cent stake in the unit which launched 18 months ago.
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