Report: Unitymedia preparing December IPO

4 Nov 2009

German cable operator Unitymedia is preparing a EUR500 million (USD732 million) initial public offering (IPO) in December this year, Reuters reports, citing people familiar with the matter. The report adds that the cableco is likely to start meeting investors in the week commencing 16 November at the earliest, with a view to launching the IPO next month. UBS and Morgan Stanley have reportedly been preparing an IPO on behalf of the operator for the past year.

Germany, Unitymedia