Satellite co., GlobalStar, sets IPO terms

Editor | October 3rd, 2006

GlobalStar, a Milpitas satellite communications provider that came out of bankruptcy and is apparently making money after raising $400M from private backers, plans to offer 6.5 million common shares in an IPO priced between $16 and $18 per share.

The company plans to trade on the Nasdaq under ticker symbol GSAT.

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  1. October 13th, 2006
    9:52 am

    VentureBeat Wire » Satellite co., Globalstar, pulls IPO said:

    [...] GlobalStar, the Milpitas provider of voice and data communications services via satellite that just last week reasserted its plans to go public, has withdrawn registration for its proposed $100 million IPO. No reason was given. PE Week reported the news, but it got little coverage elsewhere. This reversal is a little odd (after all, the stock market is relatively robust right now), but perhaps there just wasn’t any demand for it. VentureBeat Community [...]

One Comment

  1. September 10th, 2007
    4:06 pm

    Steve said:

    Globarstar is a wretched company whose service doesn’t work half the time; you get all this and more for $1 per minute. Don’t do business with them! Hopefully they will go bankrupt again.

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