IHS Holding prices IPO at USD 21 per share

News Wireless Global 18 OKT 2021
IHS Holding prices IPO at USD 21 per share

IHS Holding said it has priced its initial public offering of 18 million shares at USD 21.00 per unit. There is also a greenshoe of up to 2.70 million more shares at the offering price. The company’s shares should start trading on the New York Stock Exchange on 14  October. The offering itself should close on 18 October. 

The company said earlier that 4.50 million shares will be also sold during the IPO, by certain other shareholders. 

Goldman Sachs, JP Morgan and Citigroup are acting as joint lead book-running managers, with RBC, Barclays and Absa Bank acting as joint book-running manager, Cowen and Company, Investec Bank, Renaissance Securities, FirstRand Bank, Academy Securities, Loop Capital Markets, Samuel A Ramirez & Company, Siebert Williams Shank & Co and Tigress Financial Partners acting as co-managers.


Categories:

Mobile

Companies:

IHS,  IHS Towers

Regions:

Global

Tags:

Shareholders & subsidiaries, Corporate strategy, Financial funding

Related Articles

AFRICA 29 JUN 2023

IHS Holding asserts dialogue over governance concerns from Blackwells, MTN, Wendel

IHS Holding Limited has declared that it is involved in shareholder dialogue, in response to recent statements from MTN, Wendel and Blackwells Capital about the tower company's corporate governance. It said the IHS Towers management team and board of directors have a "continued track record" of engaging with shareholders and "listening carefully" to their views, adding that it focuses on acting in the best interests of all its shareholders.

GLOBAL 16 NOV 2021

IHS Towers revenues up 9% in Q3, exceeds 30,500 towers

Telecommunications infrastructure company IHS Towers reported revenue of USD 400.5 million in the third quarter of 2021, up 8.7 percent on the year-earlier result of USD 368.3 million thanks in part to retrospective currency-related amendments to contracts with MTN Nigeria. On an organic basis, revenues rose 11.8 percent driven mainly by escalations, lease amendments and foreign exchange resets, as well as new sites and new colocations. 

GLOBAL 4 OKT 2021

IHS offers 22.5 mln shares in IPO at price estimated between USD 21 and USD 24

IHS Holding said it has commenced its initial public offering (IPO) of 22.50 million ordinary shares, 18.0 million of which are being offered by IHS Towers and 4.50 million by certain other shareholders. The underwriters have a 30-day option to purchase up to 2.70 million more shares from IHS Towers and 675,000 ordinary shares from the selling shareholders at the IPO price, currently estimated at between USD 21.00 and USD 24.00 per share.

AFRICA 17 SEP 2021

IHS Towers files for IPO on New York Stock Exchange

IHS Holding has filed a registration statement with the US Securities and Exchange Commission relating to a potential IPO on the New York Stock Exchange. In a statement, IHS Towers said the timing, number of shares to be offered and price range of the proposed offering have not yet been determined. The launch of the offering is subject to the necessary regulatory approvals, governance approvals and conducive market conditions.

BRAZIL 8 JAN 2021

IHS Towers acquires 1,000-site Skysites business in Brazil

IHS Holding has completed the acquisition of Skysites Holdings, a specialist provider of small cells and urban telecommunications infrastructure in Brazil. Skysites' operations comprise approximately 1,000 sites, along with exclusive access to tens of thousands of premium real estate locations in urban settings. These will be fully integrated into IHS Towers' Brazilian operations over the coming months.

AFRICA 20 AUG 2020

IHS Holding mulls IPO in US

African mobile infrastructure company IHS Holding has announced that it is exploring a potential registered initial public offering in the US. The timing, number of shares to be offered and price range of the proposed offering have not yet been determined. Any proposed offering would commence after the completion of a customary US Securities and Exchange Commission review process of a registration statement relating to the proposed offering and subject to market and other conditions. 

AFRICA 21 JUL 2020

IHS Towers names Burns to board

IHS Holding (IHS) appointed Ursula Burns to its board of directors, effective July. Burns, most recently CEO of Veon until March this year and Chair until 1 June, joined the IHS board as a non-executive independent director on 1 July. 

AFRICA 27 FEB 2020

IHS seeks USD 7 bln from US IPO - report

Telecoms tower company IHS has hired banks to oversee what may be the biggest initial public offering (IPO) of an African company in the US, Bloomberg reported citing sources with knowledge of the matter. IHS has selected Citigroup and JPMorgan Chase as global coordinators for a listing that could value the company at as much as USD 7 billion, said the people. 

BRAZIL 24 DEC 2019

IHS Towers acquires Brazil's Cell Site Solutions for undisclosed sum

IHS Holding Limited (IHS) has signed an agreement to purchase Brazil's Cell Site Solutions (CSS) from affiliates of Goldman Sachs and Centaurus Capital LP. IHS will acquire 100 percent of CSS and it will be fully integrated into IHS. The purchase price was not revealed and the deal is subject to all the necessary regulatory approvals.

Just In

14:00

Vi introduces Niyo Zero Forex Markup Card for travelers

13:39

True reshuffles executive team

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.