China Digital TV IPO raises $192 mln, above range
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.
Underwriters, led by Morgan Stanley and Credit Suisse, have the option to purchase an additional 1.8 million ADS to cover over-allotments, according to an amended filing with the U.S. Securities and Exchange Commission.
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)
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