Mavenir Private Holdings II Ltd, a mobile network software maker, has filed Amendment No 2 to Form S-1 Registration Statement on October 21, 2020 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $300 million by offering 13.6 million shares at the price range of $20 to $24. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $1.9 billion.
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 Global Market 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.
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