China Digital TV Announces Pricing of Initial Public Offering
05 October 2007 - 10:11AM
PR Newswire (US)
BEIJING, Oct. 4 /Xinhua-PRNewswire-FirstCall/ -- China Digital TV
Holding Co., Ltd. (NYSE:STV) ("China Digital TV"), the leading
provider of conditional access ("CA") systems to China's rapidly
growing digital television market, announced today that its initial
public offering of 12,000,000 American Depositary Shares (ADSs) was
priced at $16.00 per ADS. The ADSs, each representing one ordinary
share, will begin trading on the New York Stock Exchange on October
5, 2007 under the symbol "STV." The offering consists of ADSs to be
issued by China Digital TV. China Digital TV has granted the
underwriters a 30-day option to purchase up to an additional
1,800,000 ADSs to cover over-allotments. Morgan Stanley and Credit
Suisse acted as joint book runners for this offering, and Piper
Jaffray, CIBC World Markets and Needham & Company, LLC, acted
as co-managers for the offering. The United States Securities and
Exchange Commission has declared China Digital TV's registration
statement relating to these securities to be effective. This news
release shall not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. The offering of the securities is made only
by means of a prospectus. A copy of the prospectus relating to the
offering may be obtained by contacting Morgan Stanley & Co.
Incorporated, 180 Varick Street, New York, New York 10014;
Attention: Prospectus Department or by email at ; or by contacting
Credit Suisse Securities (USA) LLC, Attn: Prospectus Department,
One Madison Avenue 1B, New York, NY 10010; phone: 1-800-221-1037.
About China Digital TV Founded in 2004, China Digital TV is the
leading provider of conditional access (CA) systems to China's
rapidly growing digital television market. As of June 30, 2007,
China Digital TV had installed CA systems at 130 digital television
network operators in 26 of the 32 provinces, autonomous regions and
centrally administered municipalities in the PRC. China Digital TV
conducts substantially all of its business through Beijing Super TV
Co., Ltd., its operating subsidiary in China, and through Beijing
Novel-Tongfang Digital TV Technology Co., Ltd., a PRC company that
China Digital TV controls through contractual arrangements. For
more information please visit China Digital TV's IR website at
http://ir.chinadtv.cn/ . For investor and media inquiries, please
contact: In China: Helen Wu Senior Manager of Investor Relations
Tel: (8610) 8279-0021 E-mail: Helen Plummer Ogilvy Public Relations
Worldwide (Beijing) Tel: (8610) 8520-3090 E-mail: In the United
States: Mr. Jeremy Bridgman Ogilvy Public Relations Worldwide (New
York) Tel: +1 (212) 880-5363 E-mail: DATASOURCE: China Digital TV
Holding Co., Ltd. CONTACT: Helen Wu, Senior Manager of Investor
Relations of China Digital TV Holding Co., Ltd., +8610-8279-0021, ;
or Helen Plummer of Ogilvy Public Relations Worldwide (Beijing),
+8610-8520-3090, , or Jeremy Bridgman of Ogilvy Public Relations
Worldwide (New York), +1-212-880-5363, , both for China Digital TV
Holding Co., Ltd. Web site: http://ir.chinadtv.cn/
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