Home » News & Blogs » Intelsat’s IPO fails to deliver as much as expected
Bookmark and Share
Hyperbola

Intelsat’s IPO fails to deliver as much as expected

19 Apr 2013, 12:08 UTC
Intelsat’s IPO fails to deliver as much as expected
(200 words excerpt, click title or image to see full post)

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.

Latest Vodcast

Latest Podcast

Advertise PTTU

NASA Picture of the Day

Astronomy Picture of the Day

astronomy_pod