Seeking Alpha

After a lowered price and rough start to trading, Intelsat (I) is turning in a respectable,...

After a lowered price and rough start to trading, Intelsat (I) is turning in a respectable, though unspectacular, IPO day performance. Shares opened at $17 after being priced at $18 (below a prior range of $21-$25), but have since rallied to $18.75, good for a 4.2% gain. That gives the leading satellite service provider, which sold 19.3M shares, a valuation of $1.97B. Intelsat posted 2012 revenue of $2.61B (+1% Y/Y), and a net loss of $149.5M. Free cash flow was -$45M, and total debt stood at $15.9B at year's end. (previous) (F-1)
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