DigitalGlobe Files to Sell Stock

by Matt Ball on April 15, 2008

DigitalGlobe Inc. filed paperwork with the Securities and Exchange Commission to sell stock to the public, with the aim to raise as much as $250 million. The privately held commercial earth observation satellite company indicated that it plans to use the proceeds from the sale to fund construction of its WorldView-2 satellite. The money would also go toward other capital spending projects and to pay off $40 million in debt.

The offering will be handled by Morgan Stanley & Co. and Lehman Brothers and will be made by means of a prospectus. Copies of the prospectus aren’t yet available, but can be obtained by e-mail at prospectus@morgranstanley.com or qiana.smith@broadridge.com.

DigitalGlobe was founded in 1992, and received the firt high resolution commercial remote sensing license fromthe US Government under the Land Remote Sensing Policy Act. DigitalGlobe’s investors include Ball Aerospace and Technologies, Corp., Hitachi Ltd., Morgan Stanley and Telespazio S.P.A/Eurimage Investment.

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