DENVER BUSINESS JOURNAL - Cable TV and broadband company WOW Internet plans to sell its stock for between $20 to $22 per share when it debuts as a public company.
The Denver-based company revealed its target IPO price range in a U.S. Securities & Exchange Commission filing Monday. No date was specified for the looming IPO.
Selling 19 million shares at its target range would raise $380 million to $418 million for WOW and its investors, not including an over allotment of shares available for the IPO underwriters to purchase.The company plans to list on the New York Stock Exchange with the ticket symbol “WOW.” It estimates its proceeds from the sale will be $373.5 million if the shares price at $21, the mid-point of the range.
WideOpenWest Inc. is the sixth-largest U.S. cable operator, with 780,100 video, high-speed internet and voice customers in metro-area suburbs and small cities in the Midwest and southeastern United States.
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