Storage company Pure Storage Inc. is set to price its initial public offering at $17 a share, at the midpoint of its normal extent, as per individuals acquainted with the deal. At that price, the deal, which would raise $425 million by selling 25 million shares, values the company at $3.1 billion. Pure Storage had planned to offer 25 million shares at $16 to $18 each, as indicated by administrative filings. Starting late Tuesday, the estimating was not settled could in any case change pending a second ago exchanges, the general population acquainted with the deal said. On the off…
Provided by Dow Jones By Stuart Condie SYDNEY Telstra Corporation Ltd. is considering buying the South Pacific operations of telecommunications company Digicel Group Ltd., with majority financial support from the Australian government. The ASX-listed firm on Monday said it had held talks over a potential acquisition of the 15-year-old Digicel Pacific, which operates in Papua New Guinea, Fiji, Nauru, Samoa, Tonga and Vanuatu. It generated earnings before interest, tax, depreciation and amortization of US$235 million in the 2020 calendar year with a strong margin, Telstra said. Telstra said it was initially approached by the Australian government for technical advice in relation to the commercially attractive and region-critical asset.
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