China Digital TV Holding Co Ltd, filed with the US Securities and Exchange Commission on Friday for an initial public offering (IPO) worth up to US$150 million.

The Beijing-based company, which provides subscription-based access to China's rapidly growing digital television market, said it is offering an undisclosed number of American Depositary Shares as ordinary shares.

China Digital TV said it plans to use net proceeds from its IPO for research and development, sales and marketing, acquisitions and general corporate purposes.

Morgan Stanley and Credit Suisse were listed as underwriters for the IPO.