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Ziggo Jumps After IPO Raises $1.1 Billion at Top End

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By Maaike Noordhuis, Zijing Wu and Anne-Sylvaine Chassany

March 20, 2012 at 10:17 PM UTC

Updated on

March 21, 2012 at 5:32 PM UTC

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Ziggo NV, the Dutch cable company owned by Warburg Pincus LLC and Cinven Ltd., rose 15 percent on the first day of trading after its initial public offering raised 804 million euros ($1.1 billion) with shares sold at the top end of its price range.

Shareholders of Ziggo sold 43.5 million shares at 18.50 euros each, the Utrecht, Netherlands-based company said in a statement yesterday. Ziggo rose as much as 3.45 euros to 21.95 euros a share in Amsterdam trading before retreating to close at