New Skies Satellites announced Tuesday that its initial public offering of 11,900,000 shares of common stock, representing 39 percent of the share capital, has been priced at $16.50 per share.
The shares began trading today on the New York Stock Exchange under the ticker symbol "NSE."
To the extent that the underwriters sell more than 11,900,000 shares of common stock, the underwriters have the option to purchase up to 1,785,000 additional shares from New Skies Satellites Holdings.
Goldman, Sachs & Co. and Lehman Brothers are serving as joint book-running managers of the offering. UBS Securities, Deutsche Bank Securities, Banc of America Securities and Wachovia Capital Markets are co-managers of the offering.
The public offering is being made by means of a prospectus, copies of which may be obtained from:
– Goldman, Sachs & Co. at 85 Broad Street, New York, NY, 10004, Attention: Prospectus Department (Tel: 212-902-1171) or
– Lehman Brothers at 1155 Long Island Avenue, Edgewood, NY 11717, Attention: ADP Prospectus Fulfillment (Fax: 631-254-7268).
The following statement is included in this press release in accordance with Rule 134(b)(1) of the Securities Act of 1933, as amended:
A registration statement relating to shares of common stock of New Skies Satellites Holdings Ltd. has been declared effective by the Securities and Exchange Commission.
This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
