WorldSpace Sat Radio Set For $100 Million IPO
WorldSpace, one of the biggest satellite radio providers everywhere outside U.S. (yes, despite what you think), is set for a $100 million IPO.
WorldSpace said it plans to list its shares on the Nasdaq National Market, under the symbol WRSP.
The Washington, DC-based company intends to use net proceeds from the IPO for the implementation of its India business plan; business development activities in China, Western Europe and other selected markets; and for general, administrative, corporate and working capital expenses.
Jun 27, 2005 6:07 PM ET
YouTube Videos
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: