The preliminary price range for Slovak Telekom’s IPO has reportedly been set at €17.70-€23.60 per share.
The pricing would value the incumbent at €1.53bn-€2.04bn (US$1.65bn-US$2.20bn) based on the number of shares in the 2014 annual report,…
The preliminary price range for Slovak Telekom’s IPO has reportedly been set at €17.70-€23.60 per share.
The pricing would value the incumbent at €1.53bn-€2.04bn (US$1.65bn-US$2.20bn) based on the number of shares in the 2014 annual report, Reuters reported.
The Slovak government plans to sell its 49% stake in the telco on the Bratislava and London stock exchanges, with Citigroup and JP Morgan acting as global coordinators. Erste Group and Wood & Co are joint lead managers.
The Economy Ministry, which has said it wants to complete the IPO by the end of June, is set to update the media on progress tomorrow.
Majority shareholder Deutsche Telekom will retain its 51% stake.
Slovak Telekom has declined to comment on the pricing.
The company is the country’s largest integrated telco and second-largest mobile operator behind Orange’s local unit. It claims to have 1.163 million fixed-line and 2.22 million mobile subscribers.
