DigitalGlobe common stock offered
LONGMONT – DigitalGlobe Inc.’s largest shareholder Morgan Stanley and others will sell about 6 million shares in a secondary offering, the satellite image company said Tuesday.
Morgan Stanley plans to give underwriters an option to purchase up to an additional 900,000 shares to cover additional demand.
Longmont-based DigitalGlobe (NYSE: DGI) will not receive any proceeds from the sale, according to Securities and Exchange Commission documents filed Tuesday. The company expects to see as much as $360 million in total revenue in 2010, according to the documents.
A DigitalGlobe spokesman was not immediately available to discuss the announcement.
DigitalGlobe stock was at $31.09 in mid-day…
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