Mavenir Systems prices IPO at $10, below the range

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Mavenir Systems, which provides telecommunications software and solutions to wireless carriers, raised $48 million by offering 4.8 million shares at $10.00, below the range of $15.00 to $17.00. Mavenir Systems plans to list on the NYSE under the symbol MVNR. Mavenir Systems initially filed confidentially on 12/20/2012. Morgan Stanley, BofA Merrill Lynch and Deutsche Bank acted as lead managers 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: MVNR

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