West Corporation sets terms for $500 million IPO

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West Corporation, which is a leading conferencing and call center provider LBO'd by TH Lee and Quadrangle, announced terms for its IPO on Monday. The Omaha, NE-based company plans to raise $500 million by offering 21.3 million shares at a price range of $22 to $25. At the midpoint of the proposed range, West Corporation would command a fully diluted market value of $1.95 billion.

West Corporation, which was founded in 1986 and booked $2.64 billion in sales for the 12 months ended 12/31/2012, plans to list on the NASDAQ under the symbol WSTC. Goldman Sachs and Morgan Stanley were already joint bookrunners on the deal and the latest filing added BofA Merrill Lynch, Barclays, Citi, Deutsche Bank and Wells Fargo Securities as bookrunners.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: WSTC

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