Inmarsat plans trip to market
Via The International Herald Tribune.
Inmarsat, a British provider of global satellite services, said Wednesday that it planned to raise $690 million in an initial public offering to reduce debt.
Shares in the London-based company will be sold at 215 pence to 245 pence each, valuing the company's equity at £1.09 billion, or $1.97 billion, at the midpoint of the price range, Inmarsat said. The shares will be listed on the London Stock Exchange.
posted by Fergie @ 6/02/2005 07:27:00 AM
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