IPO News Archive
Speech technology provider DynaVox announces terms for $150 million IPO
DynaVox, which offers proprietary software to assist people with speech, language and learning disabilities, announced terms for its IPO on Thursday. The Pittsburgh, PA-based company plans to raise $150 million by offering 9.4 million shares at a price range of $15-$17. At the mid-point of the proposed range, DynaVox will command a market value of $474 million. The software firm, which was founded in 1991 and booked $105 million in sales last year, plans to list on the NASDAQ under the symbol DVOX. Piper Jaffray and Jefferies & Co. are the lead underwriters on the deal, for which timing was not disclosed.