After a Four-Year Wait, Eutelsat Successfully Goes Public

摘要

Satellite-fleet operator Eutelsat Communications successfully completed its initial public offering (IPO) of stock Dec. 2, entering the Paris-based Euronext market five weeks after an initial attempt was withdrawn. Eutelsat's stock market listing occurred at 12 euros ($14) per share and raised 860 million euros, which the company will use to pay down its debt. The IPO sold a 34-percent stake in Eutelsat and gave the company a market capitalization of about 2.5 billion euros.