Altice USA, the US arm of multinational Dutch cable company Altice, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering, though we estimate the deal could raise more than $1 billion.
The Bethpage, NY-based company was founded in 2002 and booked $9.2 billion in sales for the 12 months ended December 31, 2016. J.P. Morgan, Morgan Stanley, Citi and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.
