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Financial|Infrastructure
Financial|Infrastructure
financial|infrastructure

IHS announces IPO pricing

14th October 2021

By: Creamer Media Reporter

     

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Telecommunications shared infrastructure independent owners, operators and developers IHS Holdings has announced the pricing of its initial public offering (IPO) of IHS Towers’ 18-million ordinary shares at a public offering price of $21 a share.

MTN, in a statement issued on October 14, said that the underwriters of the offering will also have a 30-day option to purchase up to an additional 2.7-million ordinary shares from IHS Towers at the IPO price, less the underwriting discount.

The ordinary shares are expected to begin trading on the New York Stock Exchange on October 14 under the ticker symbol IHS.

The closing of the offering is expected to occur on October 18, 2021, subject to satisfaction of customary closing conditions.

Goldman Sachs & Co, J.P. Morgan Securities and Citigroup Global Markets are acting as joint lead book-running managers for the offering.

RBC Capital Markets, Barclays Capital and Absa Bank are acting as joint book-running managers for the offering, while Cowen and Company, Investec Bank, Renaissance Securities (Cyprus), FirstRand Bank (London Branch), acting through its Rand Merchant Bank division, Academy Securities, Loop Capital Markets, Samuel A. Ramirez & Company, Siebert Williams Shank & Co and Tigress Financial Partners are acting as co-managers for the offering.

Edited by Creamer Media Reporter

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