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Call dropped: Avaya Holdings withdraws $1.0 billion IPO following bankruptcy

Avaya Holdings, a telecom equipment maker specializing in enterprise network, telephony and call center technology, withdrew its plans for an initial public offering on Monday citing its Chapter 11 bankruptcy filing. It originally filed in June 2011 with an estimated deal size of $1.0 billion.

The Santa Clara, CA-based company was founded in 2000 and booked $4.1 billion in sales for the 12 months ended September 30, 2015. It had planned to list on the NYSE under the symbol AVYA. Morgan Stanley, Goldman Sachs, J.P. Morgan, Citi, Deutsche Bank, BofA Merrill Lynch, Barclays, UBS Investment Bank and Credit Suisse were set to be the joint bookrunners on the deal.

The article Call dropped: Avaya Holdings withdraws $1.0 billion IPO following bankruptcy 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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