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Report: Helios Towers prices London IPO, valued at up to $1.79B

Telecom towers operator Helios Towers is pushing through with its public listing on London Stock Exchange at a total valuation of $1.42 billion to $1.79 billion, Reuters reported, citing a source.

The company reportedly set the IPO's per share price range at £1.15 to £1.45. It targets the LSE's minimum free float of 25% and gross proceeds of $125 million, which will be used to extend its range of services and footprint.

Books for the IPO will close Oct. 14, with Helios Towers shares expected to begin trading Oct. 15, according to Reuters.

Helios Towers tapped Bank of America Corp., Jefferies Group LLC and Standard Bank as joint global coordinators on the listing, with Renaissance Capital Advisors Inc. and EFG Hermes as joint book runners.