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ORBCOMM Announces Pricing of Initial Public Offering
Fort Lee NJ (SPX) Nov 06, 2006 ORBCOMM has announced the pricing of its initial public offering of 9,230,800 shares of common stock at a price of $11.00 per share. The underwriters in the offering have a 30-day option to purchase up to 1,384,620 additional shares at the initial public offering price of $11.00 per share to cover over-allotments, if any. UBS Investment Bank is acting as the sole book-running manager and Morgan Stanley is acting as joint lead manager for the offering. Banc of America Securities LLC and Cowen and Company, LLC are acting as co-managers of the offering. A copy of the prospectus relating to this offering may be obtained from UBS Securities LLC, Prospectus Department, 299 Park Avenue, New York, NY 10171, (212) 821-3884. The common stock will trade on the NASDAQ Global Market under the symbol "ORBC". A registration statement relating to these securities was declared effective on November 2, 2006. This press 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. Community Email This Article Comment On This Article Related Links ORBCOMM The latest information about the Commercial Satellite Industry Climate Science News - Modeling, Mitigation Adaptation
Atmospheric Carbon Dioxide Concentrations Reach Record Levels In 2005
Geneva (AFP) Nov 3, 2006Global concentrations of carbon dioxide, the major greenhouse gas blamed for climate change, reached in 2005 the highest levels ever recorded, the UN's weather agency said Friday. The trend of growing emissions from industry, transport and power generation from burning fossil fuels such as oil, gas and coal is set to continue despite an international agreement to cap emissions, the World Meteorological Organisation (WMO) warned. |
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