Satellite technology and services company MDA has reported an over-allotment of shares following on from its IPO. MDA Corp, the satellite builder formerly known as MacDonald, Dettwiler & Assoc, are perhaps better known as the builders of the Space Shuttle’s sophisticated ‘Canadarm’ robotic crane which is still used on the International Space Station MDA says […]
DAZN, the sports streaming platform, is considering an IPO. “If circumstances were right, I can see us tapping the public capital markets or the private capital markets over the next few years,” co-CEO James Rushton told Reuters. Owned by billionaire Len Blavatnik’s Access Industries, DAZN debuted in Germany and Japan in 2016, and in December […]
Space and satellite specialist MDA has announced its share price offer for the upcoming IPO. It will offer shares at C$14 per common share, with the target to raise approximately C$400 million. The offer will close on April 7th. The Toronto Stock Exchange has conditionally approved the listing of the Common Shares, subject to the […]
Canada’s MDA, the satellite builder formerly known as MacDonald, Dettwiler & Assoc – but perhaps better known as the builders of the Space Shuttle’s sophisticated ‘Canadarm’ robotic crane and still used on the International Space Station – is mounting an IPO. MDA, founded in 1969 (by Dr John MacDonald and Vern Dettwiler) also helped build […]
Richard Branson’s Virgin Orbit company has reportedly hired bankers in preparation for an Initial Public Offering. Virgin Orbit will use a Special Purpose Acquisition Company (SPAC) as its first step on the road to public participation and the overall aim is for a valuation of some $2.5-$3 billion, according to The WSJ. Virgin Orbit uses […]
Elon Musk, in one of his regular Tweets, stated that an Initial Public Offering for the Starlink broadband-by-satellite system was on the cards “once we can predict cash flow reasonably well”. His rationale was that building 120 satellites a month, plus their launches, plus their ground segment and operational costs represented a “deep chasm of […]
China Satellite Communications (CSC), a subsidiary of China Aerospace Science & Technology, says it will sell shares to a group of investors totalling some 3.3 billion Yuan (about $506 million). Based in Beijing, the company says it will use the cash to invest in 3 satellite projects. After the cash-raising exercise China Aerospace will remain […]
More details have now emerged on the merger between Ottawa-based Telesat and satellite builder (and shareholder in Telesat) Loral Space & Communications. Key to the long-expected merger solution is the role of Canada’s Public Sector Pension Investment Board (PSP). Under the merger agreement PSP, Loral and Telesat Canada will each become subsidiaries of ‘new’ Telesat […]
Alchimie, the French OTT content aggregator, has filed for an IPO on Euronext Growth in Paris. The company, founded by Nicolas d’Hueppe, aims to raise its capital by €20 million in order to accelerate its development in France and on the international market. The process is set to close on November 23rd. Alchimie currently boasts […]
Canal+ Polska has scrapped its planned IPO citing volatile conditions in financial markets. The company said it would not apply for the admission of its shares for trading on the Warsaw Stock Exchange (WSE), a parallel market operated by the WSE, or any other market on the basis of the approved prospectus. “The decision is […]