Kabel Deutschland set for €5.3bn price tag

German cable operator Kabel Deutschland is likely set to be priced at €5.3bn when it launches its IPO next week, according to reports.

The cabler will likely set a subscription price of between €21.50 and €25.50 for its 30 million shares. The company, which has 8.9 million subscribers, will float on the Frankfurt stock exchange on March 22.