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BIZCHINA / Center |
China Digital TV IPO raises $192m(Agencies)
Updated: 2007-10-05 11:08 China Digital TV Holding Co Ltd's initial public offering raised $192 million on Thursday, pricing above a forecast range. The offering of 12 million American Depositary shares sold for $16 per ADS, according to an underwriter, compared with a forecast range of $13 to $15, which was raised on Wednesday from an earlier $11 to $13 forecast. Each ADS represents one ordinary share. Underwriters, led by Morgan Stanley and Credit Suisse, have the option to purchase an additional 1.8 million ADS to cover over-allotments, according to an amended filing with the US Securities and Exchange Commission. The company plans to list its shares on the New York Stock Exchange under the symbol "STV."
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