Cambium Networks Launches IPO to Raise Nearly $66 million

Cambium Networks Launches IPO to Raise Nearly $66 million Image Credit: Cambium Networks

Cambium Networks announced that it is making a initial public offering to raise nearly $66 million.

Cambium Networks provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises and government agencies.

The company will be issuing 5,800,000 of ordinary shares under the exercise. The underwriters of the offering will also have a 30-day option to purchase from Cambium up to 870,000 additional ordinary shares. The initial public offering price is expected to be between $13.00 and $15.00 per share.

J.P. Morgan Securities and Goldman Sachs & Co will act as lead book-running managers for the offering and as representatives of the underwriters. Deutsche Bank Securities will act as a book-running manager for the offering. Raymond James & Associates, JMP Securities and Oppenheimer & Co. will act as co-managers for the offering.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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