Altice USA raises USD2.15bn through IPO

28 Jun 2017

Altice USA, the US-based holding company owned by Netherlands-based Altice Group, has announced that its recent initial public offering (IPO) raised a total of USD2.15 billion, via the sale of 71.724 million shares of Class A common stock at USD30.00 per share. The final tally included the underwriters’ full exercise of their option to purchase 7.781 million shares. The shares were sold on the New York Stock Exchange (NYSE) under the ‘ATUS’ ticker symbol.

Altice USA offers broadband, pay-TV and voice telephony services to approximately 4.9 million residential and business customers across 21 states, via the Optimum and Suddenlink brands. The European group acquired Suddenlink Communications in 2015 and Cablevision (Optimum) in 2016, forming Altice USA.