The Caribbean operator filed for an IPO on the New York stock exchange in June this year, and is allegedly looking to raise between $1.5 and $2 billion.
Digicel said it was holding fire on indicating a price range until last week’s announcement from the Federal Reserve on interest rates, expecting market volatility to calm after this.
Sources claim that the company will list on the exchange a week to 10 days after a price range is revealed, which could now happen as early as today.
Digicel operates in 31 markets and plans to spend the proceeds from the IPO on capital spending, acquisitions – the company was looking at the Cook Islands earlier this year – and repaying its own debt.
