Dutch cableco Ziggo has reportedly received orders for all shares made available as part of its upcoming initial public offering (IPO) on the NYSE Euronext – just a few days after announcing the indicative price range.
Bookbuilding for the IPO,…
Dutch cableco Ziggo has reportedly received orders for all shares made available as part of its upcoming initial public offering (IPO) on the NYSE Euronext – just a few days after announcing the indicative price range.
Bookbuilding for the IPO, which values the 20.125% of issued share capital at €664.13m to €744.63m (US$878.15m to US$984.45m), began on 9 March and orders span the indicative price range of €16.50 to €18.50 per share, according to a Reuters report citing two sources close to the deal.
Ziggo said in a statement on Friday it expected the offering would consist of 35 million shares, currently held by founding shareholders, including affiliates of private equity firms Cinven and Warburg Pincus as well as an over-allotment option of up to 15% of offered shares. .
According to the report today, the books are covered for both the 35 million shares and the 15% over-allotment option.
On Friday, Ziggo said books would close on 20 March.
