XM Satellite Radio Holdings Inc. said Friday that it will attempt to raise
$154 million to fund its nascent company through the public offering of 13.387
million shares of its class-A common stock.
The company has priced each share at $11.50. It expects the sale to close
The funds are expected to back the company's operations into the first
quarter of 2003, and they will be used for marketing, systems and other general
Morgan Stanley Dean Witter & Co., Merrill Lynch & Co., Credit Suisse
First Boston and Deutsche Bank AG are managing the public