Reginal Thomas
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Altice SA Preparing For An IPO

Altice SA, plans to raise 750 million euros in their up and coming IPO, in hopes to pay down debt while still expanding. The company will be selling 20 to 25% of its shares that will be traded in Amsterdam. The CEO Dexter Goei named Goldman Sachs Group Inc. and Morgan Stanley as the global coordinators or the IPO. Goei also said at a conference call today, "Te company may raise more funds at a later date if needed to finance deals and paying a dividend is a possibility in the future."