Denis O’Brien’s Digicel plans to raise up to $2.3bn in IPO

Digicel Group, the mobile-services company owned by Irish billionaire Denis O’Brien, plans to raise as much as $2.3 billion (€2.06bn) from an initial public offering and listing on New York Stock Exchange.

The telecommunications company, which does business in the Caribbean and South Pacific, aims to sell 142.8 million of Class A common shares at between $13 and $16 each, according to a regulatory filing.

This includes 18.6 million shares that banks underwriting the deal have an option to purchase.