WorldSpace Plans $100 Million IPO, To Invest In India Too

paidContent.org: WorldSpace, one of the biggest satellite radio providers everywhere outside U.S., 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.

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