Com Hem readies IPO?

Com Hem, the Swedish cable operator owned by BC Partners, is preparing an initial public offering to raise about $1 billion, according to reports.

Com Hem could start the sale process as early as next week. The Stockholm IPO would value the company at about $3 billion and will likely involve a sale of new and existing shares.

Com Hem, which connects to nearly 40 per cent of homes in Sweden, reported earlier this month reported a Q1 underlying EBITDA of 545 million kronor ($83 million), compared with 544 million kronor a year earlier. Sales were little changed at 1.12 billion kronor as the number of unique subscribers increased 1.8 per cent to 838,000.

Posted by on May 15 2014. Filed under Articles, Business, Cable, IPO.

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