With $36 million in debt and just $2 million in the bank, Current TV has filed for an IPO that is expected to raise $100 million for the company. I’m not sure how a company with $63.7 million in revenues and $17 million in losses gets people to invest but JP Morgan, Pacific Crest, and Lehman Brothers are onboard as underwriters.

Story from paidContent

This entry was posted on Tuesday, January 29th, 2008 at 11:45 pm and is filed under General, Celebrities, Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.