RHI Entertainment IPO: Finance Trading Times

RHI Entertainment IPO

Another IPO in the US stock markets, this time from a entertainment company called RHI Entertainment
RHI Entertainment IPO
What is the size of the RHI Entertainment IPO?
The RHI Entertainment IPO expects to raise around $198.2 million from the IPO, or $227.9 million if the underwriters exercise their option to buy additional shares.

How many shares will be offered for sale through the RHI Entertainment IPO?
A total of 12.5 million shares will be sold through the RHI Entertainment IPO.

What is the price range or price band of the RHI Entertainment IPO shares?
The RHI Entertainment IPO shares are priced in the price band of $16 and $18 per share.

Where will the IPO proceeds of capital raised be used by the RHI Entertainment IPO?
The IPO proceeds, together with proceeds from a new credit facility and other borrowings, will be used to repay debt, pay fees and expenses related to the company's reorganization and for general corporate purposes.

What is the primary business valuations of RHI Entertainment?
RHI develops, produces and distributes new made-for-television movies, miniseries and other television programming. RHI also owns the rights to roughly 1,000 titles of long-form television content, which it licenses to broadcast and cable networks around the world. The majority of the company's revenue comes from the licensing of programming. RHI customers include broadcast and cable networks such as ABC, CBS, Lifetime and the USA Network, as well as international broadcasters.

What are the financial results of RHI Entertainment IPO?
For the three months ended March 31, the company reported a loss of $20.2 million on revenue of $22.2 million.
The company noted that it has booked losses in the past largely due to amortization of film production costs and interest expense on outstanding debt.

Who are the lead underwriters of the RHI Entertainment IPO issue?
JPMorgan and Banc of America Securities LLC are serving as the IPO's lead underwriters. Cowen & Co. and Thomas Weisel Partners are also backing the offering.
The underwriters have an option to buy up to 1.9 million additional shares to cover any overallotments.
The company plans to list its shares on the Nasdaq Global Market under the symbol "RHIE."
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