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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 W…

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