On the Radar…

Digital Globe Inc has set the IPO terms for its planned $250M offering. The Longmont, Colorado-based company plans to sell 14.7M shares at $16-18 each. If shares sell at the high-end of this range, the company’s valuation would be in excess of $800M. Digital Globe provides the most complete and accurate library of earth imagery used in commercial, defense, intelligence, and civil government applications. The company delivers the imagery, collected via its two satellites (another launch is planned this year) and aerial means, to customers both offline and through online viewing solutions. The company, which had revenues of $275M and net income of $53M in 2008, would see only a fraction of the cash from the IPO as over 90% of the shares included are owned by existing investors. Shares of Digital Globe are scheduled to start trading on May 14 on the New York Stock Exchange under the ticker symbol “DGI”. If the IPO happens, it will represent the 5th IPO of the year in the United States.