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The Wall Street Journal: Altice USA IPO raising more than $1 billion, valuing company at more than $20 billion, sources say.

Altice USA filed paperwork to go public Tuesday, in an offering that would raise more than $1 billion, people familiar with the matter said.

The U.S. arm of French mogul Patrick Drahi’s cable operator Altice NV filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of shares of Class A common stock.

The IPO is likely to value Altice USA at more than $20 billion, people familiar with the offering said. BC Partners Ltd. and Canada Pension Plan Investment Board, which together own 30% of Altice USA, are likely to sell 5% to 10% of the company, the people said.

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