NEW YORK-AT&T Corp. registered for sale with the Securities and Exchange Commission $13.248 billion of AT&T Wireless Group tracking stock, which would by far be the largest initial public offering in American history.
AT&T said it plans to issue 360 million shares of the wireless tracking stock and may issue up to an additional 54 million shares if the underwriters exercise their over-allotment option in full. Of the 360 million shares registered, 10 percent will be reserved for sale to AT&T’s employees.
The initial public offering pricing range for the AT&T Wireless Group tracking stock is estimated to be between $26 and $32 per share. AT&T plans to take the wireless business public on or around April 24.
