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Vantage Towers AG: IPO Price Range


Vantage Towers AG: IPO Price Range
Düsseldorf (pta006/09.03.2021/07:00) -
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9 March 2021                                                                                                              
Vodafone and Vantage Towers set price range for planned IPO of Vantage Towers at €22.50 to €29.00 per share
Digital Colony and RRJ have agreed to buy €950 million of shares at the offer price
Price range implies a total market capitalisation for Vantage Towers of €11.4 billion to €14.7 billion 
Base offer size of €2.0 billion 
Flexibility to upsize final offering by up to 40% of the base offer size, to €2.8 ....

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Vodafone Towers unit set for €14.7bn valuation


British mobile phone giant Vodafone on Tuesday announced the price range for the upcoming German stock market flotation of its towers business, valuing the unit at up to €14.7 billion.
The float of up to one-quarter of Vantage Towers comes amid increasing demand for mobile telecommunications connectivity across Europe, driven by data growth, 5G roll-out and regulatory coverage obligations.
Increasing demand for mobile telecommunications connectivity across Europe, driven by data growth, 5G roll-out and regulatory coverage obligations
Mobile phone giants are also floating or selling off their tower businesses in order to slash debt.
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German-headquartered Vantage Tower will have its first day of trading on the Frankfurt stock market on or around March 18, with a price-per-share range of between €22.50 and €29, Vodafone said in a statement. ....

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