Private equity-backed telecommunications equipment provider CommScope has priced its upcoming IPO on the Nasdaq exchange at between $18 and $21 per share.
CommScope, which will trade under the symbol COMM, is majority owned by Washington, DC-based private equity firm Carlyle.
The company will offer 30.8m shares, while Carlyle plans to sell 7.7m shares, which will be worth a total $808.5m. The underwriters will also have a 30-day option to acquire up to a further 5.8m shares.
It will use the proceeds to redeem a portion of its 8.25 per cent senior notes due 2019 and to pay related interest and expenses.
JP Morgan, Deutsche Bank Securities and BofA Merrill Lynch are lead book-running managers for the IPO.
In July it was reported that Carlyle was considering floating CommScope less than three years after acquiring the business in a $3.9bn take-private deal.
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