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February 27, 2007

BigBand .... Going Public

posted by MR WAVETHEORY at 2/27/2007 04:10:00 AM
Finally, after years of blood and sweat equity, Big Band is going public! Hats off everyone!

BigBand Networks said its initial public offering will be worth up to $147 million and it expects its shares to be priced at $10-$12 apiece, according to a revised registration statement it filed Monday with the Securities and Exchange Commission.

The company, which makes video-processing and data-networking systems, originally filed for an IPO Dec. 22.

BigBand will offer 7.5 million shares of its common stock through the IPO, and selling stockholders will offer 3.2 million. In addition, the firms underwriting the IPO -- Morgan Stanley, Jefferies & Co., Cowen & Co., ThinkEquity Partners and Merrill Lynch -- have the option to purchase 1.6 million shares to cover overallotments, BigBand said in the filing.

Nicely done. For some good bedtime reading, head over to the Big Band S-1. This company is a nice play on the triple play. ADC sold some of its shares in a secondary before the IPO. This was probably done too early.

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10:46 AM  

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