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China Digital Sets IPO Terms

China Digital TV Holding Co., a Beijing-based provider of conditional access systems to China's digital television market, has set its IPO terms to 12 million American depository shares being offered at between $11 and $13 per share. It would have an initial market cap of approximately $721 million, if it prices at the high end of its range. China Digital plans to trade on the NYSE under ticker symbol STV, with Morgan Stanley and Credit Suisse serving as co-lead underwriters. Shareholders include SAIF, with a 21.8% pre-IPO stake.