Mobile Content Company WiderThan Files For IPO, As Expected

As we wrote about first in June, WiderThan, the Korean mobile content company (it pioneered ringbacks in Korea and has been expanding in U.S. and other countries), has filed for an IPO on Nasdaq…WiderThan is a subsidiary/affiliate of Korean wireless giant SK Telecom.

The company plans to offer 6 million American Depositary Shares, with an estimated price of $14 to $16 each..out of those the company will offer 4 million and shareholders will offer 2 million.

JPMorgan, Merrill Lynch & Co. and Lehman Brothers are the underwriters…the stock will trade under the symbol “WTHN”…detailed coverage on our site MocoNews.net

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