ENGLEWOOD, Colo.--(BUSINESS WIRE)--WideOpenWest, Inc. (“WOW!” or the “Company”) announced today the launch of its initial public offering of 19,047,619 shares of its common stock, at a price to the public between $20.00 and $22.00 per share. In connection with the offering, certain stockholders of the Company intend to grant the underwriters a 30-day option to purchase up to an additional 2,857,142 shares. The shares are expected to be listed on the New York Stock Exchange and to trade under the symbol “WOW.”
UBS Investment Bank and Credit Suisse are acting as lead joint book running managers and RBC Capital Markets, SunTrust Robinson Humphrey, Evercore ISI and Macquarie Capital are acting as joint book running managers for the offering. LionTree and Raymond James are acting as co-managers.
The offering is being made only by means of a prospectus. A copy of the preliminary prospectus may be obtained from UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: 1-888-827-7275; or Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: 1-800-221-1037, email: firstname.lastname@example.org.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
WOW! is one of the nation's leading providers of high-speed Internet, cable TV and phone serving communities in the U.S. WOW!’s operating philosophy is to deliver a customer and employee experience that lives up to its name.
This press release contains forward-looking statements, including statements regarding the initial public offering. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those in the Company’s registration statement filed with the Securities and Exchange Commission.