UPDATED: Altice USA Inc., a subsidiary of Patrick Drahi’s global telco, content, and advertising group which owns Cablevision/Optimum and Suddenlink, is expected to raise $1.9 billion in its initial public offering on Thursday.

Altice USA’s IPO is believed to mark the second-biggest U.S. initial public offering of the year to date, following Snap Inc.’s $3.9 billion deal last March.

Altice USA’s 63.9 million shares were priced at $30 each share on the New York Stock Exchange. The company will trade under the symbol ATUS. Shares opened at $31.60 and stayed within the $31.52-$32.68 range throughout the trading day. The closing price of $32.71 marked a strong 9% gain for the day.

Altice USA’s IPO comes amid more speculation about consolidation among cable operators. The New York Post reported Thursday that Charter Communications is looking to buy Cox Cable, the third-largest cable operator in the U.S.

Altice USA was formed last year through the merger of Suddenlink Communications and Cablevision, serving approximately 4.9 million customers across 21 states. It is the fourth-largest U.S. cable operator behind Comcast, Charter and Cox.

When launching the IPO last week, Altice had listed about 46.6 million shares of its Class A common stock priced at $27 to $31 per share. The company then issued a statement on Wednesday advising that it was increasing the size of the IPO due to the fact that Canada Pension Plan Investment Board and BC Partners had ramped up the number of shares they were offering.

After completion of the offering, Altice will own 70.3% of its subsidiary Altice USA’s outstanding common stock and 98.3% of the voting power.

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