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MarketScreener Homepage  >  Equities  >  Nasdaq  >  DISH Network Corporation    DISH

DISH NETWORK CORPORATION

(DISH)
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Billionaire Charles Ergen-backed blank-check firm aims to raise $1 bln in IPO

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10/01/2020 | 05:53pm EDT

Oct 1 (Reuters) - CONX Corp, a blank-check company led by billionaire Charles Ergen, is looking to raise around $1 billion in an initial public offering, it said on Wednesday.

The firm aims to sell 100 million units at $10 apiece and list its units on Nasdaq under the symbol "CONXU", it said in a filing https://www.sec.gov/Archives/edgar/data/1823000/000110465920111137/tm2029435-4_s1.htm#tMAN.

Ergen is the chairman of satellite TV provider Dish Network Corp and also serves as the chairman of satellite operator EchoStar Corp.

A special acquisition company, or SPAC, is a shell vehicle that raises money in an IPO to buy and then merge with an unknown company, typically within two years. High-profile investors such as Bill Ackman and Michael Klein have raised billions through their SPACs this year.

Deutsche Bank Securities is the underwriter to CONX Corp's offering.

(Reporting by Abhishek Manikandan in Bengaluru; Editing by Amy Caren Daniel)


Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK AG 2.05% 8.12 Delayed Quote.17.39%
DISH NETWORK CORPORATION 1.08% 27.24 Delayed Quote.-23.20%
ECHOSTAR CORPORATION 0.77% 26.17 Delayed Quote.-39.58%
NASDAQ COMP. 0.37% 11548.281629 Delayed Quote.28.23%
THE HOWARD HUGHES CORPORATION -0.83% 64.41 Delayed Quote.-49.20%
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Financials (USD)
Sales 2020 14 892 M - -
Net income 2020 1 303 M - -
Net Debt 2020 12 135 M - -
P/E ratio 2020 12,4x
Yield 2020 -
Capitalization 14 309 M 14 309 M -
EV / Sales 2020 1,78x
EV / Sales 2021 1,66x
Nbr of Employees 16 000
Free-Float 46,8%
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Technical analysis trends DISH NETWORK CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 45,25 $
Last Close Price 27,24 $
Spread / Highest target 223%
Spread / Average Target 66,1%
Spread / Lowest Target -11,9%
EPS Revisions
Managers
NameTitle
W. Erik Carlson President & Chief Executive Officer
Charles William Ergen Executive Chairman
John Swieringa COO & Group President-Retail Wireless
Paul W. Orban Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer & Senior Vice President
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