OrbComm Prices IPO

OrbComm Inc., a Ft. Lee, N.J.-based operator of a commercial wireless messaging system for narrowband communications, priced 9.2 million common shares at $11 per share ($12-$14 range), for an IPO take of $101.2 million. It will trade on the Nasdaq under ticker symbol ORBC, while UBS and Morgan Stanley served as co-lead underwriters. The company has raised around $105 million in VC funding from firms like Pacific Corporate Group, Ridgewood Capital, SES Global Participations and Northwood Ventures. www.orbcomm.com