OrbComm Inc., a Ft. Lee, N.J.-based operator of commercial wireless messaging systems for narrowband communications, set its proposed IPO terms to around 11.15 million common shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol ORBC, with UBS and Morgan Stanley serving 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