Canadian Satellite Radio Completes IPO
December 13, 2005 at 5:55 AM (PT)
CANADIAN SATELLITE RADIO has completed its IPO, raising C$55 million at C$16. per share.
The company, parent of XM CANADA, has also granted underwriters options to buy an additional 343,750 subordinate voting shares at the same price to cover overallotments and for market stabilization purposes. The stock is trading on the TORONTO STOCK EXCHANGE under the symbol XSR.SV.