US cableco WOW! plots IPO

Colorado-based cableco Wide Open West (WOW!) is expected to launch an initial public offering (IPO) this year, with a view to raising USD100 million. The development was reported by Renaissance Capital, which notes that the IPO could potentially generate up to USD750 million. WOW! has reportedly informed the Securities and Exchange Commission (SEC) of its plans, but has not yet selected an exchange upon which to list its shares. UBS Investment Bank and Credit Suisse are the joint bookrunners on the deal, while the cableco will utilise the ‘WOW’ ticker symbol.