IT solutions provider Sysorex Global Holdings decreases shares offered


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Sysorex Global Holdings, which provides IT infrastructure solutions to enterprises and governments, decreased the shares it will offer in its upcoming IPO on Thursday. The Santa Clara, CA-based company now plans to raise up to $20 million by offering 3.3 million shares (5% insider) at a price range of $5 to $6. The company had previously filed to offer 3.6 million shares at the same range. 

Sysorex Global Holdings, which was founded in 1999 and booked $35 million in sales for the 12 months ended September 30, 2013, plans to list on the NASDAQ under the symbol SYRX. Wellington Shields & Co and Dougherty & Company 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

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