January 28, 2008 / 11:20 AM / in 11 years

Current Media files for $100 mln IPO

Jan 28 (Reuters) - 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)

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