WOW! announced on Monday it will sell its stock for between $20 to $22 per share with a launch of its initial public offering (IPO) of 19,047,619 shares of common stock. 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.
No date for the IPO was specified in the announcement, but the shares are expected to be listed on the New York Stock Exchange and to trade under the symbol “WOW.”
The company has also released a new logo on its website and via social media. WOW! is the sixth largest cable operator in the United States.