Vodafone seeks to raise up to €2.8 billion from Vantage Towers IPO

Vodafone seeks to raise up to €2.8 billion from Vantage Towers IPO

The Edge Markets - World·2021-03-10 05:04

BERLIN (March 9): Vodafone Group said on Tuesday it would seek to raise up to €2.8 billion (US$3.32 billion) in proceeds by floating infrastructure unit Vantage Towers in Europe's largest initial public offering (IPO) of 2021.

The UK-based operator set the price range for the flotation of Vantage Towers on the Frankfurt Stock Exchange at €22.50 to €29 per share, implying a total market capitalisation of up to €14.7 billion.

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