Altice US files for IPO
Altice US, which acquired Cablevision Systems last year and Suddenlink in 2015, has filed for an initial public offering.
The company, whose parent is Netherlands-based Altice N.V., has filed a registration statement with the US Securities and Exchange Commission. However, the number of shares to be offered and the price range for the offering are yet to be determined.
JP Morgan, Morgan Stanley, Citigroup and Goldman Sachs are acting as joint book-running managers for the offering.
Previous reports have suggested that an IPO could value the company at up to $30bn and raise around $1bn, and The Wall Street Journal reported on Tuesday that the IPO would raise more than $1bn.