Dutch Cable Operator Ziggo Plans €774M IPO

Law360, New York (March 9, 2012, 6:28 PM EST) -- Ziggo BV has plans to raise up to €774 million ($1 billion) through an initial public offering, selling shares at between $16.50 and $18.50 per share, the private equity-owned Dutch cable company announced Friday.

Ziggo's owners, private equity firms Warburg Pincus LLC and Cinven, plan to sell up to 20 percent of their stake in the company, creating the largest IPO in Europe in about a year. With the offering, Ziggo is valued at €664 million to €745 million.

The company says it will begin trading...
To view the full article, register now.