You will be redirected back to your article in seconds

Altice Prepares for Launch of $1.35-Billion IPO for Altice USA

Altice, Patrick Drahi’s global telco, content, and advertising group, is preparing the launch of an initial public offering to list Altice USA, the owner of U.S. cable firms Cablevision and Suddenlink, on the New York Stock Exchange for a value estimated at $1.35 billion.

Altice has applied to the U.S. Securities and Exchange Commission to list about 46.6 million shares of its Class A common stock priced at $27 to $31 per share.

The offering includes more than 12 million shares from Altice USA, as well as 20.9 million shares from funds advised by BC Partners and 13.5 million shares from entities affiliated with the Canada Pension Plan Investment Board (CPPIB). “BC Partners and CPPIB expect to grant the underwriters a 30-day option to purchase up to 5,172,414 additional Class A common shares,” said Altice.

Altice filed the IPO under the ticker symbol ATUS.

J.P. Morgan, Morgan Stanley, Citigroup, and Goldman Sachs & Co. LLC are acting as joint book-running managers for the proposed offering and representatives of the underwriters. Additional bookrunning managers include BofA Merrill Lynch, Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank Securities, and RBC Capital Markets as additional.

A registration statement has been filed with the SEC in the U.S. and has not yet become effective.

More Biz

  • Gibson, Iconic Guitar Company, Said to

    Gibson, Iconic Guitar Company, Said to Be Nearing Bankruptcy

    Altice, Patrick Drahi’s global telco, content, and advertising group, is preparing the launch of an initial public offering to list Altice USA, the owner of U.S. cable firms Cablevision and Suddenlink, on the New York Stock Exchange for a value estimated at $1.35 billion. Altice has applied to the U.S. Securities and Exchange Commission to […]

  • David Glasser Fired by the Weinstein

    Weinstein Co. Board Fires COO David Glasser for Cause

    Altice, Patrick Drahi’s global telco, content, and advertising group, is preparing the launch of an initial public offering to list Altice USA, the owner of U.S. cable firms Cablevision and Suddenlink, on the New York Stock Exchange for a value estimated at $1.35 billion. Altice has applied to the U.S. Securities and Exchange Commission to […]

  • Rules Don't Apply review

    Warren Beatty Sought Wider 'Rules Don't Apply' Release Despite Grim Test Screenings

    Altice, Patrick Drahi’s global telco, content, and advertising group, is preparing the launch of an initial public offering to list Altice USA, the owner of U.S. cable firms Cablevision and Suddenlink, on the New York Stock Exchange for a value estimated at $1.35 billion. Altice has applied to the U.S. Securities and Exchange Commission to […]

  • Oh Seok-geun Korean Film Council

    New Leader Promises Reforms at Korean Film Council

    Altice, Patrick Drahi’s global telco, content, and advertising group, is preparing the launch of an initial public offering to list Altice USA, the owner of U.S. cable firms Cablevision and Suddenlink, on the New York Stock Exchange for a value estimated at $1.35 billion. Altice has applied to the U.S. Securities and Exchange Commission to […]

  • SOUTH KOREA OUTMandatory Credit: Photo by

    Actress Choi Hee-seo Looks Forward to a Promising Career

    Altice, Patrick Drahi’s global telco, content, and advertising group, is preparing the launch of an initial public offering to list Altice USA, the owner of U.S. cable firms Cablevision and Suddenlink, on the New York Stock Exchange for a value estimated at $1.35 billion. Altice has applied to the U.S. Securities and Exchange Commission to […]

  • The Prison Korean Cinema

    Korea's Box Office Faces a Drop in Admissions as Streaming Services Compete

    Altice, Patrick Drahi’s global telco, content, and advertising group, is preparing the launch of an initial public offering to list Altice USA, the owner of U.S. cable firms Cablevision and Suddenlink, on the New York Stock Exchange for a value estimated at $1.35 billion. Altice has applied to the U.S. Securities and Exchange Commission to […]

  • Andy Lo Hong Kong Writer Director

    Ambitious Filmmaker Andy Lo Wants Success in Both Hong Kong and China

    Altice, Patrick Drahi’s global telco, content, and advertising group, is preparing the launch of an initial public offering to list Altice USA, the owner of U.S. cable firms Cablevision and Suddenlink, on the New York Stock Exchange for a value estimated at $1.35 billion. Altice has applied to the U.S. Securities and Exchange Commission to […]

More From Our Brands

Access exclusive content