Intelsat International Holdings is to launch an IPO on the New York Stock Exchange that it hopes will raise $ 542.five million.
The organization, presently registered in Luxembourg, will become plain Intelsat SA just before moving ahead with the supply of 21.7 million shares of common stock.
The underwriters will have a thirty-day selection to buy an available 450,000 additional favored shares to cover any extra demand.
Intelsat is at the moment owned by personal equity group BC Partners, which final month slashed to dimension of its IPO from $ one.75 million to $ 750 million.
The former international organization was taken personal in July 2001 and acquired by Serafina Acquisition, owned by BC Partners, Silver Lake and others, in 2008.