March 13, 2018 |
More banks are circling an underwriting role for AT&T's DirecTV Latin America IPO to help the US telecom pay for its planned takeover of Time Warner Inc.
Currently, Goldman Sachs, JPMorgan, Citi and Morgan Stanley are joint bookrunners, according to a prospectus filed with the SEC. But sources have said the sheer size of the offering may warrant new investment banks to join at different tiers.
Vrio Corp., AT&T's DirecTV LatAm business, filed initial documentation last week. Proceeds will
Four underwriters expect to accommodate a large chunk of Wall St. for AT&T's equity offering, sources