Richardson, Texas-based Mavenir, a provider of cloud-native software apps for mobile networks, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Mavenir is planning on trading the stock on the NASDAQ under the ticker symbol “MVNR.” Mavenir is backed by Siris Capital.
Richardson, TX USA – October 6, 2020 – Mavenir, a provider of end-to-end, cloud native software to transform wireless networks and deliver the 5G promise, today announced that it publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Mavenir intends to list its Class A ordinary shares on the Nasdaq Global Market under the ticker symbol “MVNR”.
Morgan Stanley, Goldman Sachs & Co. LLC, J.P. Morgan and BofA Securities are acting as lead book-running managers and as representatives of the underwriters for the proposed offering. Barclays, Guggenheim Securities and Macquarie Capital are serving as additional bookrunners.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014; Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at email@example.com.; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone: 866-803-9204, email: firstname.lastname@example.org; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department, or by emailing email@example.com.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.