Telesat of Canada is reportedly again trying to persuade its shareholders to agree to mounting an IPO. This is by no means the first time that a potential IPO has been talked about but other attempts have failed to secure the mutual agreement of Telesat’s two major investors. A November 9th SEC filing saw shareholder […]
With Turksat’s latest satellite (Turksat 4B, on October 16th) now safely launched, the next challenge is to mount an IPO, says the firm’s CEO. International Launch Services carried out the 4B launch using a Proton rocket from the Baikonur spaceport. Ensar Gul, chairman and CEO at Turksat, says that an international firm of auditors has […]
Giant screen specialists IMAX have priced the float of its Chinese spin-off company. The Canada-based parent company will hold onto almost 70 per cent of the stock of the new business, with the remaining 30 per cent priced at $4. The new company, IMAX China, will raise around $248 million in the process. Which is […]
Giant screen specialists IMAX, as expected, has floated its Chinese subsidiary on the Hong Kong stock exchange. The company says it is looking to raise between US$276-$317 million. The prospectus says that some 17 percent of the company will be sold at local prices of between HK$29.80-34.50 per share. The sale price will be announced […]
It looks as if the much anticipated IPO from Dubai-based pay-TV operator OSN is on hold for the time being. Instead OSN is borrowing $400 million for the next 5 years, partly to fund general business and partly to refinance existing debt. Reuters is saying that the debt will take two forms: a US$255 million […]
Satellite operator Telesat of Canada is reportedly being pushed to mount an IPO in order for one of its major shareholders to monetise its investment. Telesat, the world’s fourth-largest satellite operator with 14 satellites in orbit, has variously been up for sale, and contemplating an IPO, over the past few years. However, CEO Dan Goldberg […]
The Regional Basque Country-based cable company Euskaltel is to target foreign institutional investors with its IPO. Current shareholders – savings bank Kutxabank, investment firm International Cable BV and power company Iberdrola – will sell shares with a value estimated at €1.5-1.7 billion. JP Morgan Securities PLC and UBS Ltd will coordinate the operation. Euskaltel is […]
Giant screen specialist IMAX is to mount an IPO at its IMAX China division. The public float will take place on the Hong Kong Stock Exchange. The news helped propel IMAX’s US share price to jump 7 per cent in trading May 28th. The actual company which will float is IMAX China Holdings which is […]
The Indian press is reporting that India’s TataSky pay-TV operation has shelved plans for an IPO. In 2013 it had talked of a float of 25 per cent of the company in order to raise 20 billion Indian Rupees (about $312 million). India’s Economic Times is reporting that TataSky will instead raise INR18 billion by […]
Abertis is to sell the recently-rebranded Cellnex (the former Abertis Telecom) with the forthcoming IPO with 55 per cent of the company on offer. The value of the company is estimated to be between €2.3 billion and €2.8 billion, with Abertis hoping to raise up to €1.7 billion for the sale to institutional investors only. […]