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Avaya Holdings files for a $1 billion IPO

June 9, 2011
AHC

Avaya Holdings Corp., a provider of business communications solutions including video and data services, filed on Thursday with the SEC to raise up to $1 billion in an initial public offering. The Basking Ridge, NJ-based company was founded in 2000 and booked $5.4 billion in sales for the 12 months ended March 31, 2011; neither ticker nor listing exchange have been divulged. Morgan Stanley, Goldman, Sachs & Co., and J.P. Morgan are the lead underwriters on the deal. No pricing terms were disclosed.