Intelligent edge: Cambium Networks sets terms for $81 million IPO

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Cambium Networks, which provides cloud-based wireless broadband network infrastructure solutions, announced terms for its IPO on Thursday.

The Rolling Meadows, IL-based company plans to raise $81 million by offering 5.8 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Cambium Networks would command a market value of $363 million.

Cambium Networks was founded in 2011 and booked $251 million in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol CMBM. J.P. Morgan and Goldman Sachs are the joint bookrunners on the deal. It is expected to price during the week of June 24, 2019.

The article Intelligent edge: Cambium Networks sets terms for $81 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

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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