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Satellite Radio Firm WorldSpace Sets Terms For Upcoming IPO

Authored by Mark Hefflinger on June 27, 2005 - 7:52am.
Washington -- Dow Jones reported on Monday that DC-based WorldSpace, a provider of technology for satellite radio service, set the price range for its upcoming initial public offering (IPO) at a range of $16 to $18 per share. In an SEC filing, the company said that it expects to offer 8.8 million shares, which would raise about $150 million for the company. According to Dow Jones, WorldSpace intends to use the proceeds from the IPO for expansion in India, China and other international markets. The stock ticker for WorldSpace will be WRSP.
http://www.mercurynews.com/mld/mercurynews/business/technology/11997726.htm
http://www.worldspace.com

tags: IPO | Satellite Radio | WorldSpace |

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