DigitalGlobe To Go Public
By Staff Writer | April 16, 2008
[Satellite Today – 4-16-08] DigitalGlobe Inc. has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock, the company announced April 14.
DigitalGlobe hopes to raise $250 million with the offering, though a spokesman for the company said that number is subject to change. In the filing, DigitalGlobe said it intends to use the proceeds from the offering to complete construction of the WorldView-2 satellite, the launch of which was awarded to Boeing April 16, as well as repay $40 million in debt and for general corporate purposes.