GlobalStar IPO Back From the Deadposted by MR WAVETHEORY at 11/01/2006 05:16:00 PM
It must be all those oil barons yacking on their satellite phones who are responsible for bringing this one back. They should hire a design firm to redesign the phone. It's so government issue 50s.
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Check out the RetailRoadShow IPO presentation from GlobalStar's management team.
Issuer: Globalstar, Inc.
Offering: Common Stock IPO
The registration statement for the public offering of Globalstar, Inc. common stock IPO has been declared effective and the offering is priced at $17.00 with the offering size being 7,500,000 shares up from the original offering size of 6,500,000 shares. The confirmation period has begun.
Update: In case you've been following the satellite story, there are 3 satellite IPOs this week: RRSAT Global Communications Network Ltd. (Nasdaq RRST), GlobalStar Inc. (Nasdaq GSAT) and Orbcomm Inc. (Nasdaq ORBC). RRSAT Global Communications Network Ltd. rose 20% today to close at $15.02 up from its IPO price of $12.50 which was at the upper end of its range of $11-13 per share.
Update: As pointed out by a reader, Globalstar has a new phone. Good to see they're making progress. Still, I think they should get a redesign of the phone.