Home Tele Columbus sets IPO price range
 

Keywords :   


Tele Columbus sets IPO price range

2015-01-13 12:09:00| Telecompaper Headlines

(Telecompaper) German cable operator Tele Columbus has set a price range of EUR 8-12 per share for its initial public offering of shares. The company is offering 37.5 million new shares and existing shareholders are selling 15.3 million shares. In addition, an over-allotment of 3.75 million more shares is available if demand warrants. If this is exercised, the company could raise a total EUR 452.2 million at the bottom of the price range and EUR 678.3 million at the top of the range. The offer period runs 13-21 January, and the shares are expected to start trading in Frankfurt 23 January. Tele Columbus said it will use the proceeds to reduce debt and support its growth strategy. 

Tags: price range sets columbus

Category:Telecommunications

Latest from this category

All news

»
01.11Boeing makes 38% pay rise offer in bid to end strike
01.11The house paints that promise much more than colour
01.11Eastern North Pacific Tropical Weather Outlook
01.11Atlantic Tropical Weather Outlook
01.11Technology adoption: What's on the ag tech horizon for 2025
01.11Technology adoption: What's on the ag tech horizon for 2025
01.11How Japan's youngest CEO transformed Hello Kitty
31.10Unicharm to Expand in Africa
More »