Telecommunications Service Providers | Bethpage, NY | IPO
Broadband communications and video services provider Altice USA has raised about $1.9 billion in an IPO by selling 63.9 million shares for $30 each, at the high end of the expected range of $27 to $31 per share. The company will trade on the NYSE under the symbol ATUS. BC Partners and Canada Pension Plan Investment Board originally invested in broadband company Suddenlink in 2012, which merged last year with Cablevision to form Altice USA. BC earned a 3.2x return and 45% IRR on the IPO, per AltAssets.