CSR announces IPO pricing at $16 per share

TORONTO – Canadian Satellite Radio Holdings has announced the pricing for its initial public offering: 3,437,500 subordinate voting shares are being offered at $16 per share. CSR has entered into an underwriting agreement with RBC Capital Markets and Genuity Capital Markets, which are the co-lead managers for the offering with an underwriting syndicate that includes BMO Nesbitt Burns, CIBC World Markets, GMP Securities, National Bank Financial, and TD Securities. The company has granted the underwriters an option to purchase up to an additional 343,750 subordinate voting shares at the same price to cover over allotments, if any, and for market...