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WorldSpace Stock Now Available to Public Investors

WorldSpace Stock Now Available to Public Investors

If you believe in the potential of satellite radio to reach global listeners, you can now invest in another company.
WorldSpace issued an initial public offering and will trade on the NASDAQ National Market under the symbol WRSP. The IPO was priced at $21 per share, and shares were trading around that range midday Friday.
UBS Investment Bank ran the offering.
WorldSpace is headquartered in Washington. It has two satellites, AfriStar and AsiaStar, that can reach populous areas that include India, China and most of Western Europe.

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