Pay-TV technology specialist NDS has filed to raise up to $100 million in an initial public offering of its common stock.

The company intends to list its common stock on the New York Stock Exchange under the symbol ‘NDSG’.

In a filing with the US Securities and Exchange Commission, the company did not reveal how many shares the company planned to sell or their expected price. The company said Morgan Stanley, Goldman Sachs & Co. and J.P. Morgan Securities are among the underwriters to the offering.

NDS plans to use proceeds from the offering to help pay down debt and to fund general corporate purposes, according to the Form F-1 filing.

The company is 51 per cent owned by funds affiliated with private equity firm Permira Advisers LLP, with 49 per cent owned by a subsidiary of News Corp.

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Categories: Articles, Broadcast, Business, IPO, Pay TV