XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Equity
9 Months Ended
Sep. 30, 2017
Equity  
Equity

Note 7. Equity

 

Initial Public Offering

 

On May 25, 2017, the Company completed an IPO of shares of its common stock, which are listed on the NYSE under the ticker symbol “WOW”.

 

The Company sold 20,970,589 shares of its common stock at a price of $17 per share (including the exercise of the overallotment) for $356.5 million in gross proceeds.  The Company incurred costs directly associated with the IPO of $21.8 million.  Proceeds from the IPO (net of issuance costs) of $334.7 million are reflected in the Company’s unaudited condensed consolidated statement of stockholders’ deficit during the nine months ended September 30, 2017. Outstanding shares and per-share amounts disclosed as of September 30, 2017 and for all other comparative periods presented have been retroactively adjusted to reflect the effects of the May 25, 2017, 66,498.762 to 1 stock-split.