Box Nation, the TV channel dedicated solely to boxing, is aiming to raise £5 million (€5.8m) through an initial public offering on London’s Aim market. A float would give the company a market capitalisation of as much as £19 million. “There’s enough hardcore fans for our business to work. And boxing, when it’s big, is […]
A few days ago the Dubai-based pay-TV operator borrowed $200 million in a 5-year loan. It now seems that the success of that exercise means the broadcaster will no longer proceed with its IPO. Local reports quoting OSN’s CFO Oliver Sage state that the company now has no plans to go ahead with the IPO. […]
Numericable, France’s largest cable operator, saw its stock rise after it market debut raised about €652.2 million in the country’s biggest initial public offering in four years. The shares climbed as much as 10 per cent to €27.40 and traded at €27.10 in Paris. They were priced at €24.80, at the top of the offer […]
French cabler Numericable is looking to raise about €652.5 million in its initial public offering. The shares are offered at €20.30 €24.80, the company said. The range values the company at €5.06 to €5.57 billion said Chief Executive Officer Eric Denoyer. Pricing will be finally decided on November 7th with trading scheduled for November 8th. […]
Rightscorp, a company focused on the monetisation of copyrighted Intellectual Property, has completed an alternative public offering (APO) and has commenced trading on the OTCQB under the ticker ‘RIHT’. In conjunction with the public offering, Rightscorp has completed a $2 million equity financing priced at $0.50 per common share with warrants at an exercise price […]
Numericable founder Patrick Drahi has confirmed that his investment company, Altice, would raise its stake in the French cable operator to around 30 per cent through its planned initial public offering. “As a result of this transaction, Altice will become the largest shareholder of Numericable” by buying shares from private equity owners Carlyle and Cinven, […]
Dominant French cable operator Numericable is preparing a stock market listing that could value the private equity-backed company at about €5 billion. Numericable’s owners – Cinven, Carlyle and Altice Group, are seeking to ride a wave of investor interest in European cable operators. Numericable covers 9.9 million homes, roughly one third of households in France, […]
Central European Media Enterprises, which owns a portfolio of TV stations covering Central and Eastern Europe, has confirmed it will sell 54.4 million of Class A shares in its IPO. The shares will price at $2.75. The offering is expected to close this week on May 8th. CME has also granted the sole underwriter (bankers […]
Intelsat’s IPO debut floated 25 per cent of the company’s equity but an opening price of $18 a share on April 18th promptly fell back to $17.19, and as low as $16.90 at one point. Early trading was high with 2 million shares changing hands in the first 15 minutes of business. However, recovery was […]
When the books were closed at the end of April 17, it was revealed that Intelsat’s Initial Public Offering was very poorly supported. Even though the price range set by the company was for shares to be bought in the $21-$25 range, the actual price achieved was a disappointing $18. Intelsat sold just 19.3 million […]