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.
