Intelsat, a satellite communications company owned by BC Partners and minority co-investor Silver Lake, has priced its IPO at $18 per share and gone public. Its shares now trade under the symbol I on the NYSE. The $18 price point was below its expected range of $21 to $25 per share. BC Partners, which partnered with Silver Lake to acquire the company in 2008, will maintain a controlling stake in the company. Based in Luxembourg, Intelsat provides fixed satellite services worldwide, serving the media, network services and government customer sectors. Shares closed their first day of trading at $20.25.
