IHS HOLDING LIMITED DECLARES INITIAL PUBLIC OFFERING PRICING

KUALA LUMPUR, Oct 14 (Bernama) -- IHS Holding Limited (IHS Towers), one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world, has announced the pricing of its initial public offering of 18,000,000 ordinary shares being offered by IHS Towers, at a public offering price of US$21 per share. (US$1 = RM4.150)

The underwriters of the offering will also have a 30-day option to purchase up to an additional 2,700,000 ordinary shares from IHS Towers at the initial public offering price, less the underwriting discount.

According to a statement, the ordinary shares are expected to begin trading on the New York Stock Exchange on Oct 14 under the ticker symbol ‘IHS’.

The closing of the offering is expected to occur on Oct 18, subject to satisfaction of customary closing conditions.

Goldman Sachs & Co LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc are acting as joint lead book-running managers for the offering. RBC Capital Markets LLC, Barclays Capital Inc and Absa Bank Limited are acting as joint book-running managers for the offering.

The offering is being made only by means of a prospectus.

A registration statement on Form F-1 relating to these securities has been filed with, and was declared effective by, the U.S. Securities and Exchange Commission.

-- BERNAMA