Altice celebrates Initial Public Offering on Euronext Amsterdam

Amsterdam, Brussels, Lisbon, London and Paris – 31 January 2014 – Shares in multinational cable telecommunications company Altice S.A. (ticker symbol: ATC) today began trading on the Amsterdam market of Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE). With a total offering valued at approximately € 1.3 billion Altice is the largest IPO in continental Europe for twelve months.

Altice provides cable based services, amongst which high quality pay television, fast broadband internet and fixed line telephony, in Europe, the Indian Ocean Area and the Dominican Republic. In addition the company brings mobile telephony services to residential and corporate customers.

After opening, the first market price was € 28.30 per share. The total market capitalization of the company at opening was over € 5.7 billion.

Patrick Drahi, Chairman of Altice, said: “Everyone here is delighted to celebrate Altice’s first day as a publicly traded company. I am very proud that an entrepreneurial company like Altice has grown into the multinational cable business it is today, and this IPO will further help the development of our ambitious strategic plans.”

Cees Vermaas, CEO of Euronext Amsterdam, said: “We are pleased to welcome Altice to our exchange. The company’s successful IPO confirms the reopening of the capital markets and Amsterdam’s position as a leading international listing venue. Our platform will give the company consolidated access to global capital markets as well as provide liquidity to its shareholders.”

Anne Louise van Lynden, Head of Listing at Euronext Amsterdam, added “Amsterdam is widely recognised as an attractive market for global companies. The listing of Altice is a great example of how Euronext is serving multinationals looking to raise capital efficiently. We have an excellent track record of successful IPOs in the telecommunication and cable operator industries sector and are delighted to support Altice’s management in realizing their growth plans.”

Altice Chairman Patrick Drahi celebrated the company’s listing by sounding the opening gong which denotes the opening of trading on Euronext. He was joined by Altice CEO Dexter Goei and CFO Dennis Okhuijsen, the Euronext listing team, and Cees Vermaas, CEO of Euronext Amsterdam.

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About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
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