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Altice raises US$1.9b in year's second-biggest US IPO

Published Thu, Jun 22, 2017 · 09:50 PM

New York

BILLIONAIRE Patrick Drahi's Altice USA Inc raised US$1.9 billion in the second-biggest US initial public offering of the year.

Altice USA and some existing shareholders sold 63.9 million shares for US$30 apiece, near the top end of the marketed price range of US$27 to US$31 each, according to Bloomberg data. The company said in a filing earlier on Wednesday that it was increasing the size of the deal because Canada Pension Plan Investment Board and BC Partners had boosted the number of shares they were offering.

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Companies & Markets

Companies & Markets

Altice raises US$1.9b in year's second-biggest US IPO

Companies & Markets

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Chevron's quarterly profit beats estimates

EU toughens rules on Chinese fashion retailer Shein

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