IHS Holding eyes near $8 bln valuation in U.S. IPO

IHS Holding Ltd, an operator of telecoms infrastructure such as mobile phone towers, is looking to raise up to $540 million in a U.S. initial public offering that could value it at about $8 billion, a regulatory filing showed on Monday.

The London-based company plans to sell 18 million ordinary shares in the IPO, priced between $21 and $24 per share, while its existing investors are offering 4.5 million shares.

IHS Holding – whose infrastructure helps facilitate mobile communication coverage – operated more than 30,000 towers across Africa, Middle East and Latin America as of June 30, the filing showed.