UPDATE 1-China Digital TV IPO raises $192 mln, above range

(Adds market capitalization, use of proceeds, additional detail)

NEW YORK, Oct 4 (Reuters) - China Digital TV Holding Co Ltd's (STV.N: Quote, Profile, Research, Stock Buzz) initial public offering raised $192 million on Thursday, pricing above a forecast range.

The offering of 12 million American Depositary shares sold for $16 per ADS, according to an underwriter, compared with a forecast range of $13 to $15, which was raised on Wednesday from an earlier $11 to $13 forecast.

Each ADS represents one ordinary share.

The offering gives China Digital an initial market capitalization of about $888 million.

The Beijing-based company, which provides conditional access systems to the digital television market, has given underwriters, led by Morgan Stanley and Credit Suisse, the option to buy an additional 1.8 million ADS to cover overallotments.

China Digital said it plans to use proceeds for research and development, sales and marketing, acquisitions and for general corporate purposes.

As of June 30, the company had installed conditional access systems at 130 digital television network operators in 26 of the 32 provinces, autonomous regions and centrally administered municipalities in China, according to a regulatory filing.

The company plans to list its shares on the New York Stock Exchange under the symbol "STV" (STV.N: Quote, Profile, Research, Stock Buzz). (Reporting by Lilla Zuill)