Fort Lee, NJ • 201-363-4900 • www.orbcomm.com
Exchange and Ticker: Nasdaq: ORBC
Filing Range: 8.7M shares at $14.00 to $16.00
Offering Price: $12.00
Close on First Day: $7.43
Close on 11/30/06: $7.39
Offering Size: $104.3M
Shares Outstanding: 20,270,463M
Underwriters: Credit Suisse, Bear Stearns & Co. Inc. and UBS Investment Bank
Co-manager: CIBC World Markets Inc.
Company Counsel: Kirkland & Ellis
Manager Counsel: Latham & Watkins
Auditor: Pricewaterhouse Coopers LLP
Market Capitalization on 11/30/06: $149.8M
Provides two-way monitoring, tracking and messaging services through a commercial, low-Earth orbit (LEO) satellite-based data communication system. The company’s services allow clients to track mobile assets such as trailers, containers, locomotives, fishing vessels, and barges as well as monitor fixed assets such as electric utility meters, oil and gas storage tanks and pipelines. Competitors include Globalstar Telecommunications Ltd., Motient Corp. and New ICO Global Communications.
Northwood Ventures, Pacific Corporate Group and Ridgewood Capital Management.
Source: Thomson Financial