Com Hem said the IPO would largely consist of new shares issued by the company, as well as existing stock held by BC Partners – Com Hem’s owner.
In a statement, the company said it expects to raise approximately 5.5 billion kr ($835 million) from the offering, which it will use to reduce debts.
JP Morgan, Morgan Stanley and Nordea are managing the IPO, which could value Com Hem at about $3 billion, according to sources close to the matter.
Com Hem provides cable services to approximately 39% of homes in Sweden and is investing in increasing its broadband speeds to accommodate recent partnerships with TiVo and Netflix for video-on-demand services.
The news follows reports of other European cable operators considering IPOs, including ONO in Spain.
