Reginal Thomas
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Numericable is Coming Out With The Biggest IPO in France Since 2008

French cable provider Numericable SAS is seeking to raise 652.5 euros ($900 million) in the country's biggest IPO in four years. Shares are selling for 20.30 euros to 24.80 euros. This range values the company at 5.06 billion euros to 5.57 billion euros. The company's CEO Eric Denoyer said trading is scheduled to begin in Paris Nov. 8th. The late time Paris saw an IPO this big was back in 2008 when automotive distributor CFAO SA raised more than $800 million euros. Not everyone is big on Numericable; Carlyle Group LP and Cinven Group Ltd. are both selling the stock valued around 402.2 million euros.