Richard Branson’s Virgin Orbit company has reportedly hired bankers in preparation for an Initial Public Offering. Virgin Orbit will use a Special Purpose Acquisition Company (SPAC) as its first step on the road to public participation and the overall aim is for a valuation of some $2.5-$3 billion, according to The WSJ. Virgin Orbit uses […]
Elon Musk, in one of his regular Tweets, stated that an Initial Public Offering for the Starlink broadband-by-satellite system was on the cards “once we can predict cash flow reasonably well”. His rationale was that building 120 satellites a month, plus their launches, plus their ground segment and operational costs represented a “deep chasm of […]
China Satellite Communications (CSC), a subsidiary of China Aerospace Science & Technology, says it will sell shares to a group of investors totalling some 3.3 billion Yuan (about $506 million). Based in Beijing, the company says it will use the cash to invest in 3 satellite projects. After the cash-raising exercise China Aerospace will remain […]
More details have now emerged on the merger between Ottawa-based Telesat and satellite builder (and shareholder in Telesat) Loral Space & Communications. Key to the long-expected merger solution is the role of Canada’s Public Sector Pension Investment Board (PSP). Under the merger agreement PSP, Loral and Telesat Canada will each become subsidiaries of ‘new’ Telesat […]
Alchimie, the French OTT content aggregator, has filed for an IPO on Euronext Growth in Paris. The company, founded by Nicolas d’Hueppe, aims to raise its capital by €20 million in order to accelerate its development in France and on the international market. The process is set to close on November 23rd. Alchimie currently boasts […]
Canal+ Polska has scrapped its planned IPO citing volatile conditions in financial markets. The company said it would not apply for the admission of its shares for trading on the Warsaw Stock Exchange (WSE), a parallel market operated by the WSE, or any other market on the basis of the approved prospectus. “The decision is […]
Canal+ Polska has released details of its proposed IPO which were approved by the Polish financial regulator (KNF). It will offer 21.6 million shares (and no more than 49 per cent of the company’s share capital) and which will come from (Discovery-owned) TVN Media (14.1 million shares, or 32 per cent of the company) and […]
fuboTV, the sports-first live TV streaming platform, has announced the closing of its previously announced public offering of 18,300,000 shares of its common stock at the public offering price of $10 per share pursuant to an effective Registration Statement on Form S-1 filed with the US Securities and Exchange Commission (SEC). fuboTV said it received […]
fuboTV, the US sports-first live TV streaming platform, has announced the upsize and pricing of an underwritten public offering. The size of the offering has been increased from the previously announced 15,000,000 shares to 18,300,000 shares of common stock at a price to the public of $10.00 per share. In connection with the offering, fuboTV’s […]
fuboTV, sports-focused live TV streaming platform, has announced the launch of its public offering of 15,000,000 shares of common stock. The offering consists of 15,000,000 shares of common stock offered by fuboTV. The underwriters will have a 30-day option to buy an additional 2,250,000 shares of common stock from fuboTV at the public offering price, […]