Short Take: iBeam announces IPO details
iBeam Broadcasting, a satellite-based Internet content distribution and streaming multimedia company, plans to offer 11 million shares of common stock at a range of between $9 and $11 each, the company outlined in federal documents today. iBeam first announced plans for an initial public stock offering in February, but, as is customary, did not reveal specifics of the IPO size and price at the time.
iBeam Broadcasting, a satellite-based Internet content distribution and
streaming multimedia company, plans to offer 11 million shares of common
stock at a range of between $9 and $11 each, the company outlined in federal
documents today. iBeam first announced for an initial public stock
offering in February, but, as is customary, did not reveal specifics of the
IPO size and price at the time.
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