gzowner
12-07-2005, 07:18 AM
Canadian Satellite Radio Holdings said it will conduct an initial public offering of 3.437 million subordinate voting shares at a price of $16 per share. The offering and other related money moves valued the company at $800 million. In addition to the IPO, in which the company's shares will trade on the Toronto Stock Market, CSR said it granted underwriters an option to purchase up to an additional 343,750 subordinate voting shares at the same price to cover over allotments.
The company, aligned with XM in the United States, said it intends to use IPO proceeds to complete its initial infrastructure rollout and fund operating expenses for the launch of its XM Canada satellite radio service.
RBC Capital Markets and Genuity Capital Markets are co-lead managers for the offering with an underwriting syndicate that includes BMO Nesbitt Burns, CIBC World Markets, GMP Securities, National Bank Financial and TD Securities.
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The company, aligned with XM in the United States, said it intends to use IPO proceeds to complete its initial infrastructure rollout and fund operating expenses for the launch of its XM Canada satellite radio service.
RBC Capital Markets and Genuity Capital Markets are co-lead managers for the offering with an underwriting syndicate that includes BMO Nesbitt Burns, CIBC World Markets, GMP Securities, National Bank Financial and TD Securities.
java script:fcnPopUp('/index.cfm/?PrinterFriendly=1', 'PrinterFriendly', '500', '500', 'yes', 'no', 'yes'); (http://java%20script:fcnPopUp()