Screen Service Broadcasting Technologies SpA is going public, offering shares on the Borsa Italiana exchange in Milan.
The initial public offering (IPO) of 69.3 million shares is valued at between €171.5 million and €228.7 million, and is set to run from 28 May to 5 June. Mediobanca SpA is coordinating the IPO.
The number of shares to be offered and the price range for the offering have not yet been determined.
Screen Service Broadcasting Technologies SpA has acquired an order worth US$1 million from the Mexican broadcasting corporation Multimedios Televisión.
The company has filed with the SEC for a public offering, with hopes to raise at least $75 million to fund the future and current mobile path it is on.
The unit preprocesses and adds in all Mobile DTV service data, including audio and video streams, as well as electronic service guide information.
The content most in demand for bundled TV, Internet and cell phone video services is real-time weather, news and sports, according to the TDG report