Banks managing the Dutch cable company Ziggo NV’s initial public offering received orders for all shares being sold, according to a sales document obtained by Bloomberg News.
The owners of Ziggo, including the private equity firms Warburg Pincus LLC and Cinven Ltd., are selling about 40 million shares for 16.50 euros to 18.50 euros each. The IPO could raise as much as 745 million euros ($977 million).
JPMorgan Chase & Co. and Morgan Stanley are managing the IPO as global coordinators, with Deutsche Bank AG and UBS AG acting as joint bookrunners.
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