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Amid a revival in European IPO activity, telecom operator Digi plans to launch an initial public offering for its Spanish unit, with an investment pledge valuing the business at up to $1.94 billion, according to the Wall Street Journal. The move aims to raise capital and unlock value from its Spanish operations as part of a broader expansion strategy.
Telecom IPOs in Europe have been scarce this year, making Digi's offering a focus for investors. The company has been growing its market share in Spain, a competitive telecom market dominated by players like Telefónica and MasMovil. Pricing and timeline details for the IPO have not yet been disclosed.
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Sign InThe listing process remains at an early stage, with investors awaiting regulatory approvals and institutional demand. Any additional details on timing and price range will be critical to gauging the deal's appeal. Markets will also monitor investor appetite for the sector during the upcoming roadshow.