Ziggo to offer more shares

Strong interest in Ziggo’s forthcoming IPO has seen the Dutch cable operator increase the number of shares it will offer to 43.5 million from its originally planned 35 million.

This will constitute an increase from 17.5% to 21.7% of the total issued share capital of the company following the closing of the offering, not including any ordinary shares covered by the over-allotment option.

Bernard Dijkhuizen, chief executive officer of Ziggo, said:

“Ziggo is delighted by the strong interest that its proposed IPO has received. The company and its selling shareholders look forward to partnering with the extremely high quality investor base that has expressed an interest in the offering.”