VC-backed Mavenir Systems prices IPO – Fortune

According to Fortune, Mavenir Systems has priced its IPO of 4.8 million shares at between $15 to $17 per share. The publication reports that the company plans on listing the stock on the New York Stock Exchange under the ticker symbol “MVNR.” Morgan Stanley, BoA Merrill Lynch and Deutsche Bank are acting as lead underwriters. Based in Richardson, Texas, Mavenir is a provider of telecommunications software and solutions to wireless carriers. It is backed by a number of investors that include North Bridge Venture Partners, Austin Ventures, Alloy Ventures, August Capital, Cisco Systems, Cross Creek Capital and Greenspring Associates.