Eutelsat Communications relaunched its initial public offering (IPO) Nov. 28 citing the “improvement and stabilization of market conditions since the end of October” when the company withdrew its previous IPO.

Eutelsat will offer a maximum of 73.2 million new shares on the Eurolist by Euronext Paris exchange at a price range of 11.75 euros ($13.92) to 12.75 euros ($15.11). The offer represents about 34 percent of the capital stock and voting rights of Eutelsat. The net proceeds, estimated at 826 million euros ($979.4 million), will be used to pay down debt in order to provide greater financial flexibility, the company said.

The international offering began Nov. 28 and is expected to close Dec. 1 at 3 p.m. Paris time. The retail offering in France will begin Nov. 29 and is expected to close Dec. 1 at 5 p.m. Pricing is expected to occur Dec. 1 and trading on the exchange is expected to begin Dec. 2.