Digicel set to seek as much as $2bn in IPO

Digicel Group, the mobile-services company owned by Denis O’Brien, is planning to raise $1.5bn-$2bn (€1.78bn) in an initial public offering as soon as this month, people with knowledge of the matter said.

The company, whose operations span the Caribbean and South Pacific, is preparing an IPO for as soon as after the Federal Reserve reviews US interest rates next week, said the sources. The plans may change depending on the Fed’s decision, the people said.

Market conditions after the September 16-17 US rates meeting will provide the nearest opportunity to set a price range for the offering, they said.