GlobalStar Prices

GlobalStar Inc., a Milpitas, Calif.-based provider of voice and data communications services via satellite, priced 7.5 million common shares at $17 per share, for an IPO take of approximately $127.5 million. The company had been planning to price 6.5 million shares between $16 and $18 per share. It will trade on the Nasdaq under ticker symbol GSAT, while Wachovia Securities and JPMorgan served as co-lead underwriters. Shareholders include Thermo Funding Co., Columbia Ventures Corp., Banc of America Securities and Qualcomm.