Billionaire Patrick Drahi's cable company Altice USA raised $1.9 billion (over ₹12,200 crore) in US telecom sector's biggest IPO in 17 years. It is also the second biggest IPO in the US this year following Snapchat parent Snap's $3.9 billion deal in March. Altice USA is the country's fourth largest cable operator and is now approximately valued at $22 billion.