Sysorex Global Holdings increases proposed IPO range and decreases shares


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Sysorex Global Holdings, which provides a variety of IT infrastructure solutions to enterprises and governments, raised proposed price range and decreased shares to be offered for its upcoming IPO on Monday. The Santa Clara, CA-based company now plans to raise $20 million by offering 3.6 million shares (5% insider) at a price range of $5 to $6. The company had previously filed to offer 4.0 million shares at $5 per share. 

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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