Altice: announces the launch of its US unit's IPO.
(CercleFinance.com) - The initial public offering price should come to between 27.
00 dollars and 31.00 dollars per share.
Among the ordinary shares of Altice USA included in the offer, 12 068 966 shares will be offered by Altice USA, 20 923 330 shares will be offered by funds advised by BC Partners and 13 559 429 shares will be offered by units affiliated with the Canada Pension Plan Investment Board (CPPIB).
Altice USA should raise two billion dollars and should obtain a valuation of 25 to 30 billion.
The objectives of this IPO for Patrick Drahi's telecoms group is to reduce its 50-billion-euro debt, to finance acquisitions, and to “decrease the stake of the minority shareholders”.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
00 dollars and 31.00 dollars per share.
Among the ordinary shares of Altice USA included in the offer, 12 068 966 shares will be offered by Altice USA, 20 923 330 shares will be offered by funds advised by BC Partners and 13 559 429 shares will be offered by units affiliated with the Canada Pension Plan Investment Board (CPPIB).
Altice USA should raise two billion dollars and should obtain a valuation of 25 to 30 billion.
The objectives of this IPO for Patrick Drahi's telecoms group is to reduce its 50-billion-euro debt, to finance acquisitions, and to “decrease the stake of the minority shareholders”.
Copyright (c) 2017 CercleFinance.com. All rights reserved.