Intelsat Global files for $1.75 billion IPO

(Reuters) – Intelsat Global Holdings S.A., the world’s biggest operator of satellite services, filed with U.S. regulators on Friday to raise up to $ 1.75 billion in an initial public offering of its common stock. The company filed for its IPO on a day Facebook Inc’s eagerly awaited debut fell short of expectations. Technology stocks have had a good run in an otherwise lackluster IPO market, and companies such as Audience Inc and Millennial Media Inc have benefited from the market’s soft spot on their debut. …

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