Renaissance Capital logo

World's largest satellite service provider Intelsat files for $1.8 billion US IPO

May 21, 2012
I

Intelsat S.A, the world's largest provider of satellite services to businesses, filed on Monday with the SEC to raise up to $1.8 billion in an initial public offering. The Luxembourg-based company, which was founded in 1964, became a private company in 2001. The company, which was bought in 2008 by private equity backed firm, Serafina S.A., booked $2.6 billion in sales for the 12 months ended 3/31/2012. Intelsat plan plans to list on the NYSE under the symbol I. Goldman Sachs, J.P. Morgan and Morgan Stanley are the joint bookrunners on the deal.