Altice raises US$1.9b in year's second-biggest US IPO
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Buffett praised Apple after trimming it, drops Paramount stake
Westpac net profit falls 16%, announces additional A$1 billion buyback
Worst days for China’s stock market may be over
Emerging-market optimism dashed by Fed as currencies, bonds sink
LHN warns H1 2024 net profit could decline by 28.6%
It is time to put idle cash back into the market