Altice tries to raise some cash with US IPO
The US arm of French telecoms conglomerate Altice is heavily in debt following a spate of acquisitions, so it’s having a whip-round in the public markets.
Altice USA is offering 46,551,725 shares of its Class A common stock (non-voting), which it hopes will be bought for between $27 and $31, potentially raising around $1.5 billion. However following the acquisitions of Cablevision and Suddenlink for a total in excess of $26 billion that might still be a drop in the ocean.
According to an F
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