Altice USA sets terms for valuation of $21.4bn and $1.4bn IPOStaff Writer | June 12, 2017
Altice USA, the US arm of multinational Dutch cable company Altice, announced terms for its IPO on Monday.
Public offer A market value of $21.4 billion
At the midpoint of the proposed range, Altice USA would command a market value of $21.4 billion.
Altice USA was founded in 2002 and booked $9.2 billion in sales for the 12 months ended March 31, 2017.
It plans to list on the NYSE under the symbol ATUS. J.P. Morgan, Morgan Stanley, Citi, Goldman Sachs, BofA Merrill Lynch, Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank and RBC Capital Markets are the joint bookrunners on the deal.
It is expected to price during the week of June 19, 2017. ■