Digicel files USD200m IPO

29 Jun 2015

Pan-Caribbean telecoms group Digicel has filed for an Initial Public Offering (IPO) of Class A common stock on the New York Stock Exchange. The group expects to raise USD200 million, but has not disclosed how many shares it intends to sell, or their expected price. Funds raised through the IPO will be used for ‘general corporate purposes, including CAPEX and acquisition and to repay existing indebtedness,’ the Jamaica Observer writes. JP Morgan, UBS Securities and Citigroup will act as joint book-running managers of the offering, while Barclays and Credit Suisse will act as book runners.

Jamaica, Digicel Group