NDS set for IPO

NDS has filed papers with the US Securities and Exchange Commission for an IPO that aims to raise up to US$100 million (€77 million).

The News Corp-owned digital TV software company has appointed Morgan Stanley, Goldman Sachs and J.P. Morgan Securities as underwriters to the offering. NDS’s common stock is likely to be listed on the New York Stock Exchange under the symbol NDSG.

NDS was previously listed on the NASDAQ market, but was taken private in 2009 by majority owner News Corp and private equity group Permira in a deal that valued the company at about US$3.6bn.