Digicel Said to Seek as Much as $2 Billion in U.S. IPO
- Company may proceed with offering after Fed meets this month
- Conditions after Fed meeting will determine timing, price
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Digicel Group Ltd., the mobile-services company owned by Irish billionaire Denis O’Brien, is planning to raise $1.5 billion to $2 billion in an initial public offering as soon as this month, people with knowledge of the matter said.
The company, whose operations span the Caribbean and South Pacific, is preparing an IPO for as soon as after the Federal Reserve reviews U.S. interest rates next week, said the people, who asked not to be identified because the information is private. The plans may change depending on the Fed’s decision, the people said. Market conditions after the Sept. 16-17 U.S. rates meeting will provide the nearest opportunity to set a price range for the offering, they said.