IHS Holding Limited (IHS Towers), one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world, has announced the pricing of its initial public offering of 18,000,000 ordinary shares being offered by IHS Towers, at a public offering price of US$21 per share. The underwriters of the offering will also have a 30-day option to purchase up to an additional 2,700,000 ordinary shares from IHS Towers at the initial public offering price, less the underwriting discount. The ordinary shares are expected to begin trading on the New York Stock Exchange on October 14, 2021 under the ticker symbol “IHS.” The closing of the offering is expected to occur on October 18, 2021, subject to satisfaction of customary closing conditions.
Latham & Watkins LLP represented IHS in the offering with a capital markets team led by partners Marc Jaffe, Ian Schuman, and Benjamin Cohen, with associates Jenna Gascoyne, Milo LeDoux, and Hamna Ahmad. Advice was also provided on benefits & compensation matters by New York partner Bradd Williamson, with associate Max Raskin; on tax matters by partners Jiyeon Lee-Lim and Karl Mah, counsel James Leslie, and associates Lauren Bewley and Sam Duncan; on public company representation matters by counsel Emily Corbi; on FCPA matters by partner Daniel Dominguez; on sanctions matters by partner Les Carnegie; and on Investment Advisers Act matters by partner Laura Ferrell, with associate Jennifer Tian.