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 […]

Global investment bank VTB Capital has acquired a minority stake in National Satellite Company, the largest Russian satellite TV operator operating under ‘Tricolor TV’ brand. The aim of VTB Capital as a global investment bank and a financial investor is to help Tricolor TV to increase value of its assets and get prepared for an […]

Taiwanese cable pay-TV operator TBC, with more than 1 million connected homes, is looking to mount an Initial Public Offering (IPO) and raising US$800 million in the process. Taiwan Broadband is part-owned by Australia’s giant banking operation Macquarie Group and says it will list the business on the Singapore stock exchange as the Asian Pay […]

German media group Bertelsmann has confirmed previously-announced plans to cut its stake in television and broadcasting giant RTL by selling shares on the stock exchange. “Bertelsmann confirms its intention to reduce its shareholding in RTL Group by way of a secondary public offering,” it said in a statement. Bertelsmann says the transaction would result in […]

Intelsat’s upcoming IPO terms have been unveiled. While originally Intelsat talked about raising $1.5 billion, and then reduced its expectations to $750 million, the actual target amount falls somewhere between the two. Intelsat will sell off 21.74 million shares at $25 a share, plus another 3 million convertible non-voting preferred shares priced at $50 each. […]