Telefonica Said to Plan to Narrow Telxius Range to Low EndBy and
Investors have expressed demand at closer to 12 euros a share
IPO’s new price range expected to come as early as Tuesday
Telefonica SA is expected to narrow the price range in the initial public offering of infrastructure unit Telxius Telecom SA toward the low end of its estimate, based on demand from institutional investors, according to people familiar with the matter.
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