CommScope prices IPO at $15, below the range

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CommScope, a global market-leading provider of connectivity solutions for wireless, enterprise and residential broadband networks, raised $577 million on Thursday by offering 38.5 million shares (20% insider) at $15, below its $18 to $21 range. CommScope now commands a fully diluted market cap of $2.9 billion and an enterprise value of $5.3 billion. CommScope will list on the NASDAQ under the ticker COMM. JP Morgan, Deutsche Bank, BofA Merrill Lynch, Barclays, Credit Suisse, Goldman Sachs, Jefferies & Co., Morgan Stanley, RBC Capital Markets and Wells Fargo all acted as 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 The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: COMM

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