Orbcomm starts offering of 3 mln shares

Friday 6 April 2018 | 13:02 CET | News
Orbcomm, a provider of industrial IoT services, has started an offering of 3 million shares. There will also be a greenshoe of up to 450,000 more shares. The company will put the money raised towards general corporate purposes. These may include future acquisitions, debt repayment, stock repurchases, working capital and capital expenditures.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Orbcomm
Countries: World
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.