Cleary Gottlieb represented Wendel SE (Wendel), as shareholder, in IHS Holding Limited’s (IHS) initial public offering consisting of 18 million ordinary shares at a public offering price of $21 per share.
IHS listed its ordinary shares on the New York Stock Exchange under the symbol “IHS.” The IPO priced on October 13, 2021, and closed on October 18, 2021.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Citigroup Global Markets Inc. acted as joint lead bookrunning managers for the offering, while RBC Capital Markets LLC, Barclays Capital Inc., and Absa Bank Limited acted as joint bookrunning managers.
IHS is one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world, with a focus on Africa and a presence in Latin America and the Middle East.