Digicel expected to raise USD 1.5bn in NYSE listing
Digicel, the telecoms group owned by Denis O’Brien, is expected to raise USD 1.5bn from its imminent listing in New York, the Irish Sunday Independent reported. The report did not cite a source for the claim but added that the company is expected to kick off its investor roadshow imminently.
Digicel announced two months ago that it plans to float on the New York Stock Exchange, using the proceeds to pay back debt and make acquisitions, the item noted. The IPO prospectus revealed the business had approximately USD 6.5bn debt as at 31 March this year, the report said.
A spokesperson for Digicel declined to make any comment, the item reported.
Irish Independent on Sunday