Hutchison Plots $1.5B IPO
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