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IT solutions provider Sysorex Global Holdings sets terms for $20 million IPO

Sysorex Global Holdings, which provides a variety of IT infrastructure solutions to enterprises and governments, announced terms for its IPO on Wednesday. The Santa Clara, CA-based company plans to raise $20 million by offering 4.0 million shares at $5 per share. At the midpoint of the proposed range, Sysorex Global Holdings would command a market value of $159 million. The company currently trades on the OTC markets under the ticker SYRX.

Sysorex Global Holdings, which was founded in 1999 and booked $22 million in sales for the 12 months ended June 30, 2013, has yet to announce an exchange or a ticker. Wellington Shields & Co is the sole bookrunner 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.


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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