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Digicel to launch IPO on Wall Street


TELECOMMS giant Digicel Group Limited, which is based in Kingston, will be launching an initial public offering (IPO) on the New York Stock Exchange from which it expects to raise $200 million.

The company announced that it has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its Class A common shares under the ticker symbol “DCEL.” The number of shares to be offered and the price range for the proposed offering have not been determined. The offering will be made by means of a prospectus.

Published in the Observer
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