Language Line Files for $400 Million IPO

Language Line Services, a Monterey, Calif.-based provider of on-demand language interpretation services, has filed for a $400 million IPO. It plans to trade on the Nasdaq, with Morgan Stanley, Credit Suisse and BoA Merrill Lynch serving as co-lead underwriters.

The company reports $227 million in revenue for the nine months ending Sept. 30., and a $44 million net loss.

Language Line is controlled by private equity firm ABRY Partners.