Carlyle's CommScope sets terms for $750 million IPO

By Renaissance Capital,

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CommScope, a global provider of connectivity and infrastructure solutions for wireless, business enterprise and residential broadband networks, announced terms for its IPO on Friday. The Hickory, NC-based company plans to raise $750 million by offering 38.5 million shares (20% insider) at a price range of $18 to $21. At the midpoint of the proposed range, CommScope would command a fully diluted market value of $3.8 billion.

CommScope, which was founded in 1976 and booked $3.5 billion in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol COMM. J.P. Morgan, Deutsche Bank, BofA Merrill Lynch, Barclays, Credit Suisse, Goldman Sachs, Jefferies, Morgan Stanley, RBC Capital Markets and Wells Fargo Securities are the joint bookrunners on the deal.

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

This article appears in: News Headlines IPOs
Referenced Stocks: COMM

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