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Mobile Network Software Maker MAVENIR Files for $100 Million US IPO

Esther Thin

Mavenir Private Holdings II Ltd, a mobile network software maker, has filed Form S-1 Registration Statement on October 6, 2020 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The company created software that allows Wireless Service Providers to meet the needs of enterprise and consumer customers. These software solutions are deeply embedded in the Wireless Service Provider networks to securely deliver and operate complex, mission-critical mobile services.

The Richardson, Taxes-based company was founded in 2005 and booked $462 million in revenue for the 12 months ended July 31, 2020. It plans to list on the Nasdaq under the symbol “MVNR.” Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities, Barclays, Guggenheim Securities and Macquarie Capital are underwriters of the IPO.

The company engages Sidley Austin LLP as US Securities Counsel, and Kesselman & Kesselman as Independent Auditor.

#ipo #nasdaq #mavenir #software




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