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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."


(For more biz stories, please visit Industry Updates)



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