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Cell tower operator IHS holds records for US IPO

By Colin Kellaher

The cell tower operator IHS Holding Ltd. filed an IPO with the US Securities and Exchange Commission on Friday.

The company’s filing suggests that it intends to raise $ 100 million, though that number is often used as a wildcard in calculating filing fees.

The South African telecommunications group MTN Group Ltd. currently holds a 29% stake in IHS, which operates more than 30,000 towers in Africa, Latin America and the Middle East.

IHS said it listed its shares on the New York Stock Exchange under the symbol IHS.

Write to Colin Kellaher at [email protected]

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