Hollywood Reporter – Cable Operator Altice USA Unveils Terms of $1.35B IPO

The IPO is expected to help the company with future acquisitions. Class B stockholders will still retain 98% of voting power following the move.

June 12, 2017

‘Pay TV and telecom giant Altice on Monday unveiled key terms of the planned initial public offering of its Altice USA cable unit, which operates the former Cablevision Systems business and owns a majority stake in smaller U.S. cabler¬†Suddenlink.

Altice USA, led by CEO Dexter Goei, has launched an IPO of more than 46.55 million shares of Class A common stock, which is expected to be priced at $27 to $31 per share. That would value the IPO at around $1.35 billion at the midway mark.’

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