Media sources in the financial world (Bloomberg, Wall Street Journal etc) have reported that the satellite communications firm, Intelsat has managed to sel 19.3 million shares for $18 each in its initial public offering (IPO) raising in total $347.8 million. The company has originally hoped to sell 21.7 million shares at a price higher than $21. As such, the revenues, which the company hopes to use to pay back some if its debt, was less than expected.
Intelsat’s IPO fails to deliver as much as expected
by David Todd | Apr 19, 2013 | Seradata News | 0 comments
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