Jan 28 Current Media, which operates a
television network and a Web site that distribute content for
young adults, filed with U.S. regulators to raise up to $100
million in an initial public offering of class A common stock.
The San Francisco-based company told the U.S Securities and
Exchange Commission in a preliminary prospectus that J.P.
Morgan Securities Inc, Lehman Brothers Inc and Pacific Crest
Securities Inc were underwriting the IPO.
The filing did not reveal how many shares the company
planned to sell or their expected price. The company intends to
list its common stock on the Nasdaq under the symbol "CRTM,"
and plans to use the proceeds in part to repay debt.
(Reporting by Varsha Tickoo in Bangalore)