FYI:$$$:ICO Preparing IPO (fwd)

From: Eugene Leitl (eugene@liposome.genebee.msu.su)
Date: Mon Jan 05 1998 - 05:32:21 MST


---------- Forwarded message ----------
Date: Sun, 04 Jan 1998 16:24:06 -0800
From: mwallis@wallis.com
Reply-To: Space Investors Mailing List <space-investors@lunacity.com>
To: Space Investors Mailing List <space-investors@lunacity.com>
Subject: ICO Preparing IPO

> From Space News This Week -- Jan. 5, 1998

Stock Offering Expected for ICO Global System

ICO Global Communications is expected to announce a stock offering in
the coming months as the company seeks to raise some $2 billion in
public markets for its global satellite-telephone system.

The London-based company already has raised around $2.1 billion of the
$4.5 billion it will need to put its 12-satellite system into place.
Commercial service is expected to start in 2000.

    Michael

----------------------------------------------------------------------
Michael Wallis http://www.wallis.com
President, Wallis International mwallis@wallis.com

Walt Disney:
                "It's kind of fun to do the impossible."



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