HALISTER: Telefonica Said Close to Postponing Telxius IPO on Weak Demand

Telefonica Said Close to Postponing Telxius IPO on Weak Demand

(Bloomberg) -- Co. is close to pulling plans to list its infrastructure unit on insufficient demand from investors, people familiar with the matter said.
  • No final decisions have been made
  • Telefonica could announce decision as early as Thursday
  • A spokesman for Telefonica didn’t have an immediate comment
  • NOTE: Investors struggled to value Telxius’s submarine cable business, people familiar with the discussions said previously
  • NOTE: Co. had considered lowering the IPO’s price range, reducing the size of the deal or postponing the listing, people had said
  • NOTE: Share price was scheduled to be set on Thursday with Telefonica aiming to sell as much as 40% of Telxius’s shares, valuing firm at as much as EU3.75B
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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TEF SM (Telefonica SA)

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