CBS Outdoor Americas offers 20 million shares in its initial public offering
CBS Outdoor Americas is looking to raise $560m in its IPO, with shares predicted to be valued at between $26 and $28 each, http://www.sec.gov/Archives/edgar/data/1579877/000119312514101038/d695618ds11a.htm">according to a filing with the SEC.
Goldman Sachs & Co, Bank of America and JP Morgan are amongst the banks handling the initial public offering, which is expected to result in 20 million shares.
CBS Corp. will own around 83 per cent of CBS Outdoor after the offering and plans to convert CBS Outdoor into a real estate investment trust.
It is believed the company will list on the New York Stock Exchange under the symbol "CBSO".