Casa Systems Prices IPO at $15.00-$17.00 Per Share (CASA)
Casa Systems (CASA) expects to raise $134 million in an initial public offering on Thursday, December 14th, IPO Scoop reports. The company will issue 8,400,000 shares at a price of $15.00-$17.00 per share.
In the last 12 months, Casa Systems generated $332.8 million in revenue and $99.5 million in net income. The company has a market-cap of $1.3 billion.
Morgan Stanley and Barclays served as the underwriters for the IPO and Raymond James, Stifel, Macquarie Capital, Northland Capital Markets and William Blair were co-managers.
Casa Systems provided the following description of their company for its IPO: “Our products help our customers provide and manage broadband connectivity. We believe consumers and enterprises should be able to enjoy ultra-fast speeds and enhanced digital content experiences through their phones, tablets, computers, TVs and other connected devices at home or on the go. We believe that connectivity should be ubiquitous and seamless; it should not matter whether the user is accessing the Internet through wireless or fixed connections, and it should not matter whether that service is being provided by a cable operator, fixed telecom carrier or wireless services provider. Our innovative, software-centric products are designed to help achieve this vision. “.
Casa Systems was founded in 2003 and has 664 employees. The company is located at 100 Old River Road, Andover, MA 01810, US and can be reached via phone at (978) 688-6706 or on the web at http://www.casa-systems.com.
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