Deals
Altice Seeks to Raise About $1 Billion in IPO
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Altice SA, the telecommunications investor founded by entrepreneur Patrick Drahi, plans to raise about 750 million euros ($1 billion) in an initial public offering to pay down debt while continuing to expand.
About 20 percent to 25 percent of the Luxembourg-based company’s shares will be sold with the stock set to begin trading in Amsterdam in about four weeks, Chief Executive Officer Dexter Goei said today on a conference call. Goldman Sachs Group Inc. and Morgan Stanley are the global coordinators and joint bookrunners. Drahi is among the selling shareholders.