Mubasher TV
Contact Us Advertising   العربية

Network International plans $3bn IPO

Network International plans $3bn IPO
Photo Archive
Emirates NBD
EMIRATESNBD
0.29% 17.30 0.05

Mubasher: Network International has reportedly chosen picked six banks to manage its potential $3 billion initial public offering (IPO).

Citigroup, JPMorgan Chase, Morgan Stanley were hired as global coordinators for the stock sale, Barclays, Goldman Sachs Group, Emirates NBD Capital are acting as bookrunners for the listing.

Evercore will be the financial adviser, Reuters reported on Friday citing people familiar with the matter.

The IPO is expected to take place in 2019 in the in London Stock Exchange (LSE).