je.st
news
Altice USA prices IPO near high end, raises USD 1.9 bln
2017-06-22 08:43:00| Telecompaper Headlines
(Telecompaper) Altice USA has priced its IPO near the high end of the indicated range, at USD 30 per share. As a result, it will raise a total USD 1.918 billion before costs from the sale of 63.94 million shares. Altice is selling 12.07 million shares, for proceeds of USD 362.1 million, and its shareholders BC Partners and the Canada Pension Plan Investment Board are selling the remaining shares in the IPO from their existing holdings. After completion of the offering, Altice will own 70.3 percent of Altice USA's outstanding stock, equal to 98.3 percent of the voting rights.
Tags: high
end
usa
prices
Category:Telecommunications