French cable operator Numericable has said its planned initial public offering (IPO) will include €250 million in new shares and €402 million in new and existing shares that will be sold by part-owners Carlyle and Cinven.
The public listing represents €652 million worth in the private equity held venture and places an overall valuation on the company in the region of €5.57 billion.
Numericable has told the city it anticipates growth of between 2% and 5%.
The listing is expected to be the largest on the French market since December 2009.
Numericable’s owners began work on a listing in April after the failure of talks with Vivendi over a possible €15 billion merger with the latter’s mobile operation SFR.
