Quick response for €650m French Numéricable IPO
Numéricable saw quick interest as it began bookbuilding for a €650m IPO on Monday, which hopes to take advantage of growing investor optimism for French M&A and cable deals. The deal was covered one day after launch.
The deal is set to raise €652.2m, including €250m through the sale of new shares and €404.5 through the sale of existing shares by private equity owners Carlyle and Cinven. There will also be a greenshoe for 15% of the deal size.
It will sell shares for €20.30-€24.80,
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