TVSN closes $25 mil IPO deal

Oz feevee should capitalize at $49 mil

SYDNEY — Australian home shopping feevee channel TVSN on Monday closed an A$39.1 million ($25.4 million) IPO of half the company.

TVSN has set an issue price of 78¢ a share ahead of its Australian Stock Exchange debut next week, which will capitalize the company at about $49 million.

TVSN, which is carried on the Oz feevee platforms of Rupert Murdoch’s Foxtel and UnitedGlobalCom’s Austar as well as rural broadcaster Prime TV, launched the IPO just three weeks ago.

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