OK so we’re hardly the first with this – and frankly not the most insightful at this stage but here’s some news the market has been expecting – .
We’ll come back to this in due course – not least because opinion seems to be a little divided as to whether this is interesting or not.
Satellite Today noted that ‘the potential IPO looks as though it will finally happen and will be ‘very interesting’ according to Sarah Simon, a satellite equity analyst at Berenberg. Unfortunately Satellite Today’s paywall prevents us from knowing more at this point.
The Reuters piece seems to take the opposite view – Francis Gaskins, a partner at IPOdesktop.com describing the IPO as means to pay down debt rather than plan for growth. You can read it for yourself of course but Gaskins called the offering was not “particularly exciting”.
We’ll come back to this in due course – perhaps to look at how the IPO fares in this terrible equity market, but also to take a look at Intelsat’s maritime play, which claims speeds of 50MB, which if accurate, puts it ahead of Inmarsat’s Global Xpress.