IHS News

The IPO market remained active this past week as seven IPOs raised $2.1 billion. SPAC activity kept steady with 10 blank check IPOs raising $1.6 billion. New filers continued to pour into the IPO pipeline, with 12 IPOs and nine SPACs submitting initial filings. Software development platform GitLab (GTLB) priced above the upwardly revised range to raise $801...read more

IHS Holding, Africa's largest independent telecom towers operator, raised $378 million by offering 18 million shares (100% primary) at $21, the low end of the range of $21 to $24. The company originally planned to offer 22.5 million shares (80% primary). IHS is one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world....read more

The Fall IPO market is expected to stay busy with eight IPOs schedule to raise $1.9 billion in the week ahead. Software development platform GitLab (GTLB) plans to raise $598 million at a $9.4 billion market cap. This founder-led company provides an end-to-end DevOps platform to accelerate the software development cycle from weeks to minutes and enable rapid,...read more

IHS Holding, Africa's largest independent telecom towers operator, announced terms for its IPO on Monday. The London, United Kingdom-based company plans to raise $506 million by offering 22.5 million shares (20% secondary) at a price range of $21 to $24. At the midpoint of the proposed range, IHS Holding would command a fully diluted market value of $7.6 billion. IHS is one of...read more