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DG FastChannel Prices Stock Offering
December 18, 2006 at 4:34 AM (PT)
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Digital spot distribution company DG FASTCHANNEL, INC. has priced a public offering of 2.956 million shares of common stock at $11.40/share. 2.556 million shares are being sold by the company and 400.000 are being sold by a stockholder. Net proceeds of the sale are prjected at about $27 million. Underwriters for the sale are being given a 30 day option to buy up to 443,400 shares to cover overallotments, if any. The sale is expected to close on TUESDAY (12/19). OPPENHEIMER AND CO. is the book-running manager, with THINKEQUITY PARTNERS, LLC and ROTH CAPITAL PARTNERS, LLC as co-managers.