1/11/12

IntelePeer (PEER), a cloud-based video and voice communications service provider, announced terms for its IPO on Wednesday, with pricing set for the week of January 23rd. The San Mateo, CA-based company plans to raise $75 million by offering 7.5 million shares at a price range of $9.00 to $11.00. At the mid-point of the proposed range, IntelePeer will command a market value of $416 million. Although it remains unprofitable, revenues increased 32% to $106 million for the nine months ended September 30, 2011 and, based on preliminary financials, exceeded $142 million for the full year. Customers include Sprint Nextel and Qwest Communications. VantagePoint Venture Partners is a primary backer.

IntelePeer, which was founded in 2003, plans to list on the NASDAQ under the symbol PEER. J.P. Morgan, Deutsche Bank Securities, and Barclays Capital are the lead underwriters on the deal.