IHS Holding Ltd

IHS Holding Ltd (IHS) priced its initial public offering on Oct 15, 2021 at $21.00 per share, and listed on NYSE. At the IPO price its market capitalization was about $6.89B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Citigroup and RBC Capital Markets and others. Walkers and Latham & Watkins advised the company and Simpson Thacher advised the underwriters.

IHS Holding Ltd owns, operates and develops shared telecommunications infrastructure, mainly towers for mobile network operators in emerging markets. It operated 30,207 towers across five countries in Africa as of June 30, 2021, with a presence in nine countries across three regions.

Status

IPO

Ticker

IHS

Exchange

NYSE

Priced

Oct 15, 2021

IPO price

$21.00

Market cap at IPO price

$6.89B

First filed

Sep 17, 2021

Underwriters

Goldman Sachs, J.P. Morgan, Citigroup, RBC Capital Markets, Barclays, Absa Bank, TD Cowen, Academy Securities, Loop Capital, Ramirez & Co., Siebert Williams Shank and Tigress

Company counsel

Walkers and Latham & Watkins

Underwriters' counsel

Simpson Thacher

Sector

Other

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.