Tower Operator IHS Set for Trading Debut After IPO Priced at Low End
14 10월 2021 - 8:16PM
Dow Jones News
By Colin Kellaher
Shares of IHS Holding Ltd. are set to make their U.S. trading
debut Thursday after the wireless tower operator's initial public
offering was priced at the bottom of expectations.
IHS is selling 18 million shares at $21 apiece in the offering,
compared with a prior estimated range of $21 to $24.
Current IHS shareholders, including South Africa-based
telecommunications group MTN Group Ltd. and private-equity firm
Emerging Capital Partners, dropped plans to sell another 4.5
million shares in the offering.
MTN will still hold nearly 85.2 IHS million shares, or a stake
of more than 25%, after the IPO. French investment company Wendel
SE also owns more than 20% of IHS.
Shares of IHS, which has granted the underwriters a 30-day
option to buy up to an additional 2.7 million shares, are due to
begin trading Thursday on the New York Stock Exchange under the
symbol IHS.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 14, 2021 07:01 ET (11:01 GMT)
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