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US cable operator WideOpenWest files for an estimated $750 million IPO


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WideOpenWest (WOW!), the sixth largest cable operator in the US, filed on Thursday with the SEC to raise up to $100 million in an initial public offering, although we estimate the deal could raise up to $750 million.

The Englewood, CO-based company was founded in 2001 and booked $1.2 billion in sales for the 12 months ended December 31, 2016. It plans to list under the symbol WOW, but has not selected an exchange. UBS Investment Bank and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.

The article US cable operator WideOpenWest files for an estimated $750 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs



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