Digicel, the telecoms group owned and founded by businessman Denis O’Brien aims to raise $2.3bn in IPO when it floats on the New York Stock Exchange.

The company has said, in filings submitted to US Securities and Exchange Commission, that it plans to sell roughly 142 million shares at a price in the region of $13 and $16 per share. This would mean a maximum of $2.3bn could be raised.

Digicel has a wide range of interests in the telecoms industry, serving over 13 million customers, with many in the Caribbean and South Pacific.

Denis O’Brien is also a shareholder in Newstalk.