It will be the 5th one of the year. Just thought I'd share, they are kind of rare these days.

DigitalGlobe Inc. (DGI.N)
http://www.digitalglobe.com/
Shares should sell at between $16 and $18 each.

btw: Rosetta Stone (RST.N) did their IPO last month and is up about $10 a share, still worth considering - they roughly doubled their income last year.

-t

UPDATE 1-Satellite image co DigitalGlobe sets IPO terms

(Adds details on company, IPO date)

By Phil Wahba

NEW YORK, April 29 (Reuters) - DigitalGlobe Inc (DGI.N), a satellite
imagery company serving the military and large corporations, set the
terms on Wednesday for its planned $250 million initial public
offering and scheduled its pricing for mid-May.

The Longmont, Colorado-based company plans to sell 14.7 million shares
at between $16 and $18 each, in a deal led by underwriters Morgan
Stanley and JP Morgan, according to a regulatory filing.

DigitalGlobe shares are set to begin trading on the New York Stock on May 14.

DigitalGlobe's main clients include U.S. and foreign defense and
intelligence agencies, and commercial customers, such as internet
portals, and oil and gas exploration companies, according to the
filing.

The company said its products are used in applications such as Google
Maps and Microsoft's Virtual Earth.

DigitalGlobe gathers images daily through its two satellites and
maintains them in its library. It plans to launch a third satellite in
the autumn, which it expects to nearly double its image collection
capabilities.

If DigitalGlobe's IPO prices, it will become the fifth IPO in the
United States this year, and the fourth with a technology flavor,
following those of Chinese online videogame maker Changyou Ltd
(CYOU.O), online college operator Bridgepoint Education Inc (BPI.N),
and language training company Rosetta Stone Inc (RST.N), all of which
priced in April.

The company will receive only a fraction of the IPO's proceeds, with
about 90 percent of the shares in the offering being sold by existing
shareholders.

Morgan Stanley currently owns 36.7 percent of the company, a
percentage that will drop to 32 percent if the IPO goes ahead.

While DigitalGlobe sales rose 82 percent to $275.2 million in 2008,
net income fell by nearly half to $53.8 million because of a tax
expense, according to the filing.

The company plans to list on the New York Stock Exchange under the
symbol "DGI." (Reporting by Phil Wahba; Editing by Steve Orlofsky)