Category archives for: IPO

OSN: IPO or trade sale on cards?

Orbit Showtime Network (OSN) is to be given an Initial Public Offering, and a listing on the London exchange. This is not the first time that the proposal has been made but now seems to have legs given a statement last week from majority owners KIPCO. KIPCO Deputy Chairman Faisal Al-Ayyar said he hoped the listing would be completed by [...]

Channel 5 IPO?

five

Richard Desmond is said to be considering a stock market listing of commercial broadcaster Channel 5. He is working with Goldman Sachs on the possible flotation, according to Sky News, who adds that the bank had taken the idea of listing Channel 5 to Desmond in recent weeks. Reports in January said Desmond had hired Barclays to look for buyers [...]

Green light for ONO IPO

ono

ONO’s shareholders meeting has given its go-ahead to the flotation of the company on the Stock Market. In parallel, the cable company is holding talks to Vodafone about its €7 billion acquisition bid, with both parties reportedly very close to reaching an agreement. A possible deal could stop the IPO process in a later phase. ONO will issue approximately €1.1 [...]

ONO: Vodafone v IPO, shareholders to decide

vodafone

Spain’s largest cable company ONO must decide between Vodafone’s purchase bid and an IPO.  The decision will be known later on this week after the shareholders’ meeting takes place on Thursday. For now the company continues to prepare its flotation on the Stock Market, issuing shares priced at €8.30.  However a purchase agreement with Vodafone is reportedly very close. Vodafone [...]

ONO to proceed with IPO

ono

A Board meeting of Spanish quad-play operator ONO has decided to go ahead with an IPO, seemingly dashing the hopes of telco Vodafone, which was reported to have made a €7 billion offer for the company. In a statement, ONO said its Board of Directors had met to review the Group’s operational and financial performance. “At the meeting, the Board [...]

Com Hem looks to IPO?

Com Hem backer BC Partners is looking towards an IPO for the operator, according to reports. Discussions between Com Hem and the London private-equity firm are said to be at an early stage, with BC yet to appoint advisers to manage a possible sale. Com Hem named Andrew Barron, former CEO of Virgin Media, as executive chairman in December 2013 [...]

Ono nears IPO

Ono is close to hiring banks for an initial public offering. The Spanish cable operator could pick Deutsche Bank and JPMorgan Chase in the coming weeks for the IPO after inviting banks to bid for the work. Ono is preparing for a flotation on the Madrid stock exchange that could value the group at as much as €7 billion, including [...]

Altice plans IPO to raise €750m

European cable operator Altice has confirmed plans to list its shares on the NYSE Euronext with the aim to raise €750 million. The proceeds of the IPO will be used to pay down debt and develop Altice’s businesses, which include stakes in French cable company Numericable and a mobile operator in Israel. Altice also agreed to buy the mobile business [...]

Box Nation seeks IPO

Floyd Mayweather Jr, boxer

Box Nation, the TV channel dedicated solely to boxing, is aiming to raise £5 million (€5.8m) through an initial public offering on London’s Aim market. A float would give the company a market capitalisation of as much as £19 million. “There’s enough hardcore fans for our business to work. And boxing, when it’s big, is still absolutely massive” said Richard [...]

OSN scrubs IPO plan

A few days ago the Dubai-based pay-TV operator borrowed $200 million in a 5-year loan. It now seems that the success of that exercise means the broadcaster will no longer proceed with its IPO. Local reports quoting OSN’s CFO Oliver Sage state that the company now has no plans to go ahead with the IPO. OSN is owned by two [...]

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