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Share Name Share Symbol Market Type
Wendel SA EU:MF Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.85 1.01% 85.15 84.75 85.50 85.25 84.15 84.75 26,609 16:40:00

Tower Operator IHS Set for Trading Debut After IPO Priced at Low End

14/10/2021 12:16pm

Dow Jones News


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By Colin Kellaher

 

Shares of IHS Holding Ltd. are set to make their U.S. trading debut Thursday after the wireless tower operator's initial public offering was priced at the bottom of expectations.

IHS is selling 18 million shares at $21 apiece in the offering, compared with a prior estimated range of $21 to $24.

Current IHS shareholders, including South Africa-based telecommunications group MTN Group Ltd. and private-equity firm Emerging Capital Partners, dropped plans to sell another 4.5 million shares in the offering.

MTN will still hold nearly 85.2 IHS million shares, or a stake of more than 25%, after the IPO. French investment company Wendel SE also owns more than 20% of IHS.

Shares of IHS, which has granted the underwriters a 30-day option to buy up to an additional 2.7 million shares, are due to begin trading Thursday on the New York Stock Exchange under the symbol IHS.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 14, 2021 07:01 ET (11:01 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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