Casa Systems, which provides infrastructure for cable companies to enhance broadband speeds, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
The Andover, MA-based company was founded in 2003 and booked $333 million in sales for the 12 months ended September 30, 2017. It plans to list on the Nasdaq under the symbol CASA. Casa Systems filed confidentially on December 13, 2016. Morgan Stanley and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Broadband cable vendor Casa Systems files for a $150 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
