French cabler Numericable is looking to raise about €652.5 million in its initial public offering. The shares are offered at €20.30 €24.80, the company said. The range values the company at €5.06 to €5.57 billion said Chief Executive Officer Eric Denoyer. Pricing will be finally decided on November 7th with trading scheduled for November 8th.
Including debt, the stock would be valued at as much as 6.4 times the company’s 2012 sales.