Altice USA has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). No pricing details were listed in the filing, but the offering is valued up to $100 million, although this number is usually just a placeholder. The company intends to list its shares on the New York Stock Exchange under the symbol ATUS.

The underwriters for the offering are JPMorgan, Morgan Stanley, Citigroup, Goldman Sachs, Merrill Lynch, Barclays, BNP Paribas, Deutsche Bank and RBC Capital Markets.

This company is one of the largest broadband communications and video services providers in the United States. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content and advertising services to roughly 4.9 million residential and business customers. Altice’s footprint extends across 21 states through a fiber-rich broadband network with more than 8.5 million homes passed as of March 31.

Altice acquired Cequel (Suddenlink) back in December 2015 and Cablevision Systems Corporation (Optimum) in June 2016. The company serves customers through its two business segments: Optimum, which operates in the New York metropolitan area, and Suddenlink, which principally operates in markets in the south-central United States.

At the end of December 2016, Altice Group delivered broadband, pay television and telephony services to more than 50 million customers in Western Europe, the United States, Israel and the Caribbean and reported pro forma consolidated revenue of $26.02 billion (€23.5 billion) and pro forma adjusted EBITDA of $9.86 billion (€8.9 billion) for the year ended December 2016.

The company intends to use the net proceeds from this offering for working capital and general corporate purposes.

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