Cablecom goes public with an ambitious goal
Cablecom will float up to 40.5 million shares at a maximum price of CHF 70 on October 13.
The telecommunications group Cablecom
will offer up to 40.5 million shares on October 13 at a
maximum price of CHF 70 on the stock exchange. With a market value of up to
to 3.5 billion Swiss francs, this would be the largest Swiss IPO
for five years. As the company announced on Thursday
the previous owners sell 35.2 million registered shares (approx. 70%).
The price per share is between 57 and 70 francs, which represents a market value of
of CHF 2.9 to 3.5 billion. The price target is therefore
well below the CHF 5.5 billion offered in media reports.
Nevertheless, traders described this target as ambitious, as the AP
reported. In the past few years, Cablecom has been
Cable network operator into a modern telecommunications group
rebuilt. Bruno Claude, President and CEO of Cablecom, is
confident about the forthcoming IPO and believes
that Cablecom's good reputation on the capital markets in a
will be reflected in the successful IPO. "We are thus supporting the
next phase of our development into the strong number two among the
telecommunications providers in Switzerland," says Claude.
will offer up to 40.5 million shares on October 13 at a
maximum price of CHF 70 on the stock exchange. With a market value of up to
to 3.5 billion Swiss francs, this would be the largest Swiss IPO
for five years. As the company announced on Thursday
the previous owners sell 35.2 million registered shares (approx. 70%).
The price per share is between 57 and 70 francs, which represents a market value of
of CHF 2.9 to 3.5 billion. The price target is therefore
well below the CHF 5.5 billion offered in media reports.
Nevertheless, traders described this target as ambitious, as the AP
reported. In the past few years, Cablecom has been
Cable network operator into a modern telecommunications group
rebuilt. Bruno Claude, President and CEO of Cablecom, is
confident about the forthcoming IPO and believes
that Cablecom's good reputation on the capital markets in a
will be reflected in the successful IPO. "We are thus supporting the
next phase of our development into the strong number two among the
telecommunications providers in Switzerland," says Claude.
