x
IPOs

Hutchison Plots $1.5B IPO

Hong Kong’s Hutchison Whampoa Ltd. (Hong Kong: 0013) could raise up to $1.5 billion from an IPO of mobile and fixed-line assets in India, Hong Kong, Israel, and other markets before the end of the year, say financial news reports and a statement to the Securities and Exchange Commission (SEC).

The move comes just weeks after Singapore’s StarHub announced plans for its IPO and will be another test of investor appetite for Asian and emerging market telecom plays (see Carriers to Cash In on StarHub).

In a Form F1 filing made to the SEC on Friday, Hutchison detailed plans to sell up to $100 million of American Depositary Shares in its subsidiary Hutchison Telecommunications International Ltd. on the New York Stock Exchange, to run alongside a larger offer planned for Hong Kong.

To get all the details, visit Unstrung.

— Gabriel Brown, Chief Analyst, Unstrung Insider

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE