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Digicel valued at USD 5 bln in IPO
2015-09-23 08:39:00| Telecompaper Headlines
(Telecompaper) Caribbean mobile operator Digicel has announced in a filing to the SEC that it expects its imminent initial public offering to be priced at between USD 13 and USD 16 per share, valuing the company at just over USD 5 billion at the top end of the range. The company is selling 124.1 million class A shares in the US IPO, which could raise as much as USD 2 billion. Digicel's owner, Irish billionaire Denis O'Brien, will continue to own all of the group's Class B shares and control around 94 percent of the voting power after the IPO. Digicel added in its filing that it plans to list its shares on the New York Stock Exchange under the symbol "DCEL".
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Category:Telecommunications