10/4/2021, 2:05 PM (Source: TeleTrader)
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IHS Holding seeking $8 billion valuation in US IPO

IHS Holding Limited is looking to reach a valuation of up to $8 billion at its initial public offering, according to a regulatory filing unveiled on Monday.

The New York-based operator of telecoms infrastructure plans to raise up to $540 million by selling 18 million shares priced between $21 and $24 apiece. At the same time, already involved investors are offering 4.5 million shares.

IHS Holding will be listed on the New York Stock Exchange under the symbol "IHS" once the process of going public is finalized.

Baha Breaking the News (BBN) / ND