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WorldSpace Sat Radio Set For $100 Million IPO

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WorldSpace, one of the biggest satellite radio providers everywhere outside U.S. (yes, despite what you think), is set for a $100 million IPO.

WorldSpace said it plans to list its shares on the Nasdaq National Market, under the symbol WRSP.

The Washington, DC-based company intends to use net proceeds from the IPO for the implementation of its India business plan; business development activities in China, Western Europe and other selected markets; and for general, administrative, corporate and working capital expenses.