Intelsat Files to Raise Up to $543 Million in IPO

Intelsat Global Holdings SA filed to raise as much as $543 million in a U.S. initial public offering, less than half the amount the world’s largest satellite-services company first sought.

The Luxembourg-based company, to be renamed Intelsat SA, is selling 21.7 million shares in the sale at $21 to $25 apiece, according to a regulatory filing today. At the midpoint of the range, Intelsat would be valued at about $2.4 billion.