Charter Communications, Inc. Announces Initial Public Offering of 170,000,000 Shares of Class a Common Stock At $19 Per Share
ST. LOUIS--(BUSINESS WIRE)--Nov. 9, 1999--Charter Communications, Inc. (Nasdaq:CHTR) announced today that its initial public offering of 170,000,000 shares of its Class A common stock has been priced at $19 per share.
These shares do not reflect an option granted to the underwriters to purchase an additional 25,500,000 shares of Class A common stock to cover over-allotments.
The U.S. offering is being underwritten by Goldman, Sachs & Co., Bear, Stearns & Co. Inc., Morgan Stanley Dean Witter, Donaldson Lufkin & Jenrette, Merrill Lynch & Co., Salomon Smith Barney, A.G. Edwards & Sons, Inc., and M.R. Beal & Company. The Class A common stock will commence trading on the Nasdaq National Market under the ticker symbol "CHTR".
Charter Communications, Inc. is the fourth largest operator of cable television systems in the United States, serving approximately 6.2 million customers, after giving effect to pending acquisitions. Charter currently serves approximately 3.7 million customers.
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.
A copy of the prospectus relating to the offering may be obtained from Goldman, Sachs & Co. Inc., 85 Broad Street, Prospectus Department, New York, New York 10004 (Telephone Number 212/902-1171 or 1172), or through Charter Communications, Inc. at 1-888-USE-CHTR.