Canadian Satellite Radio IPO - Orbitcast

Canadian Satellite Radio IPO

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XM CanadaCanadian Satellite Radio (aka XM Canada) has set it's IPO at C$16/share, putting the company value at C$800 million (that's $690 million American).

CSR will use the proceeds to fund operating expenses and all that other jazz related to rolling out a satellite radio service.

[Reuters

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