IHS Holding (IHS Towers), one of the largest independent operators of shared telecoms infrastructure in the world, commenced an initial public offering (IPO) on the New York Stock Exchange (NYSE) yesterday (4 October). The company noted that the IPO is being priced at between USD21.00 and USD24.00 per share. Shares are listed under the ‘IHS’ ticker symbol.
22.5 million ordinary shares will be made available, of which 18.0 million are being offered by IHS Towers and 4.5 million are being offered by certain selling shareholders. The underwriters of the offering will also have a 30-day option to purchase up to an additional 2.7 million ordinary shares from IHS Towers and 675,000 ordinary shares from the selling shareholders at the IPO price.
According to its website, IHS currently operates 30,207 towers across nine countries.