Giant screen specialists IMAX, as expected, has floated its Chinese subsidiary on the Hong Kong stock exchange. The company says it is looking to raise between US$276-$317 million. The prospectus says that some 17 percent of the company will be sold at local prices of between HK$29.80-34.50 per share. The sale price will be announced […]
It looks as if the much anticipated IPO from Dubai-based pay-TV operator OSN is on hold for the time being. Instead OSN is borrowing $400 million for the next 5 years, partly to fund general business and partly to refinance existing debt. Reuters is saying that the debt will take two forms: a US$255 million […]
Satellite operator Telesat of Canada is reportedly being pushed to mount an IPO in order for one of its major shareholders to monetise its investment. Telesat, the world’s fourth-largest satellite operator with 14 satellites in orbit, has variously been up for sale, and contemplating an IPO, over the past few years. However, CEO Dan Goldberg […]
The Regional Basque Country-based cable company Euskaltel is to target foreign institutional investors with its IPO. Current shareholders – savings bank Kutxabank, investment firm International Cable BV and power company Iberdrola – will sell shares with a value estimated at €1.5-1.7 billion. JP Morgan Securities PLC and UBS Ltd will coordinate the operation. Euskaltel is […]
Giant screen specialist IMAX is to mount an IPO at its IMAX China division. The public float will take place on the Hong Kong Stock Exchange. The news helped propel IMAX’s US share price to jump 7 per cent in trading May 28th. The actual company which will float is IMAX China Holdings which is […]
The Indian press is reporting that India’s TataSky pay-TV operation has shelved plans for an IPO. In 2013 it had talked of a float of 25 per cent of the company in order to raise 20 billion Indian Rupees (about $312 million). India’s Economic Times is reporting that TataSky will instead raise INR18 billion by […]
Abertis is to sell the recently-rebranded Cellnex (the former Abertis Telecom) with the forthcoming IPO with 55 per cent of the company on offer. The value of the company is estimated to be between €2.3 billion and €2.8 billion, with Abertis hoping to raise up to €1.7 billion for the sale to institutional investors only. […]
Kuwait-based investment fund KIPCO, which owns a majority stake in Dubai’s pay-TV operator OSN, says that it sees “enormous potential” for continuing growth in subscribers, revenues and profits at OSN. A statement on May 25th from KIPCO reports that OSN’s net profits jumped an impressive 66 per cent, although did not convert this into a […]
Mediaset’s broadcasting network operator Ei Towers has launched a bid for its counterpart RaiWay, owned by public broadcaster RAI. The cash and stock offer values RaiWay at €4.50 per share, or €1.22 billion. The cash component corresponds to approximately 69 per cent of the aggregate valuation of each RaiWay ordinary share, while the share component […]
Spanish local cable operator Euskaltel is considering a float on the Stock Market to raise funds for growth. The company, with operations in the Basque Country, has hired Rothschild Bank to assess the process with a final decision to be made in June. Euskaltel, partly owned by private equity funds Trilantic and Invesindustrial, is seeking […]