CommScope sets IPO terms

By IVCPOST Staff Reporter

Oct 11, 2013 09:33 PM EDT

CommScope Holding Co, a telecommunications equipment company, had set its pricing terms for its public debut. The price for the IPO could value the company at more than USD3.9 billion. This was the same price when the company had been taken private by Carlyle Group LP in 2011.

According to the telecommunications equipment firm, the offering of 38.5 million shares would be priced between USD18 and USD21 each. This would raise more than USD800 million, said a report from Reuters. A regulatory filing from CommScope last Friday showed that the company would sell 30.8 million shares in the IPO. Meanwhile, Carlyle Group's affiliates would offer the remaining shares, said a report from Reuters.

Carlyle would hold around 75% stake in CommScope after the IPO. This was after underwriters exercise their option to purchase additional shares.

CommScope is a major maker or cables that underpin high-speed data networks, said a Reuters report.

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