Negative Buzz on ’Feed IPO

BuzzFeed, the digital-media company, isn’t expected to raise as much cash via its public listing as it once advertised.

Citing anonymous sources, The Wall Street Journal reported Thursday that investors in the blank-check company with which BuzzFeed is combining in order to go public are pulling out the bulk of their money.

BuzzFeed, to begin trading in the coming days, will likely raise “a fraction” of the $287.5 million it expected, the Journal said. BuzzFeed did not respond to requests for comment.