Altice sets $27-$31 range for U.S. IPO

|By:, SA News Editor

Altice (OTCPK:ATCEY) has set a range of $27-$31 per share for its U.S. unit's initial public offering.

The company plans a 46.6M-share IPO, with the company selling 12.1M shares and existing shareholders (including BC Partners and the Canada Pension Plan Investment Board selling 34.5M.

It plans to list on NYSE under the symbol ATUS and expects $331M at the midpoint, which would go toward debt repayment.

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