Simpson Thacher represented the underwriters, led by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc., in connection with the initial public offering and listing on the New York Stock Exchange of IHS Holding Limited. The offering comprised of 18,000,000 ordinary shares at a public offering price of $21 per share, before exercise of the underwriters’ overallotment option. The ordinary shares began trading on the New York Stock Exchange on October 14, 2021 under the ticker symbol “IHS.”
Founded in 2001, IHS is one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world. IHS is the largest independent multinational emerging-market-only tower operator, with more than 30,000 towers across Africa, Latin America and the Middle East in their portfolio.
The Simpson Thacher team for the transaction included Roxane Reardon, Jonathan Ozner, Ashley Yoon, Adriana Estor-Restrepo, Jack Nalen and Alexi Thomas (Capital Markets); Marcy Geller and William Smolinski (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).