South African MNO Helios Towers is seeking a premium listing on the London Stock Exchange, with the IPO expected to reel in USD 125 mn in proceeds, according to the company’s ITF (pdf). The final share price for the telecoms firm’s resurrected IPO will be determined following the bookbuilding process next month. The company said it is targeting a freefloat percentage of at least 25% and “expects” it will be “eligible for inclusion in the FTSE UK indices.”

Advisors: BofA Merrill Lynch, Jefferies International Limited, and the Standard Bank of South Africa Limited are joint global coordinators and bookrunners. EFG Hermes and Renaissance Capital will also act as joint bookrunners if the IPO goes through.

Tags: