Com Hem says it expects the price of its Initial Public Offering to be set between SEK 44 – 62 per share (€4.85 – €6.84). This would put the Swedish cablenet on course to raise SEK 5,670 million and values the company at between SEK 10,070 – 11,870 million.
Anders Nilsson, CEO of Com Hem said: “Significant investments have been made in order to strengthen our business and I am convinced we have a compelling value proposition to customers. Together with the management team and all our employees we are ready to embark on this exciting journey. We have created a solid platform, now it’s about execution. We welcome new shareholders to take part in Com Hem’s future as a listed company”
Nikos Stathopoulos, Managing Partner at BC Partners added: “Broadening the shareholder base marks a new and exciting phase in the history of Com Hem. Additional financial flexibility coupled with the enhanced public profile will provide the appropriate platform for Com Hem’s future development”
The application period for the offering to the public in Sweden is expected to start on June 4, 2014 and close on June 13, 2014. The application period for the institutional offering is expected to start on June 4, 2014 and close on June 16, 2014. Trading is expected to begin on June 17, 2014.
Com Hem is the largest cable operator in Sweden with approximately 1.83 million Swedish homes connected, representing 39% of total Swedish homes. It runs the TiVo platform and its accompanying multiscreen offer TiVoToGo.
