NDS Group, which provides conditional access and software solutions to a wide range of pay TV providers has filed to raise up to $100m through an initial public offering on the New York Stock Exchange. The company says it will use the proceeds to pay down debt and for general corporate purposes.
In its filing with the SEC, NDS said it had revenue of $957m in the year ended June 30 2001. For the quarter ending September 30, 2011 NDS posted a profit of $4.5m on revenue of $214m.
NDS was previously listed on the Nasdaq until it was taken private in 2009 by Permira Advisers LLP, a private equity firm. Permira owns 51% of the company, with News Corporation owning the remaining 49%.
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Related Content:
NDS F1 filing with the Securities and Exchange Commission
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