Avaya Holdings, a telecom equipment maker specializing in enterprise network, telephony and call center technology, withdrew its plans for an initial public offering on Monday citing its Chapter 11 bankruptcy filing. It originally filed in June 2011 with an estimated deal size of $1.0 billion. The Santa Clara, CA-based company was founded in 2000 and booked $4.1 billion in...read more
As recent headlines suggest, economic gloom and extreme volatility have taken their toll on the IPO market. In the month of August alone, 21 US companies nixed plans to go public, 11 of which officially withdrew their filings, the most to do so since the onslaught of the financial crisis. While the immediate effects of the capital market fallout have temporarily halted IPO issuance,...read more
As recent headlines suggest, economic gloom and extreme volatility have taken their toll on the IPO market. In the month of August alone, 21 US companies nixed plans to go public, 11 of which officially withdrew their filings, the most to do so since the onslaught of the financial crisis. While the immediate effects of the capital market fallout have temporarily halted IPO issuance,...read more
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...read more
Call dropped: Avaya Holdings withdraws $1.0 billion IPO following bankruptcy
Avaya Holdings, a telecom equipment maker specializing in enterprise network, telephony and call center technology, withdrew its plans for an initial public offering on Monday citing its Chapter 11 bankruptcy filing. It originally filed in June 2011 with an estimated deal size of $1.0 billion. The Santa Clara, CA-based company was founded in 2000 and booked $4.1 billion in...read more
IPO Backlog Hits Record Despite Market Turmoil
As recent headlines suggest, economic gloom and extreme volatility have taken their toll on the IPO market. In the month of August alone, 21 US companies nixed plans to go public, 11 of which officially withdrew their filings, the most to do so since the onslaught of the financial crisis. While the immediate effects of the capital market fallout have temporarily halted IPO issuance,...read more
IPO Backlog Hits Record Despite Market Turmoil
As recent headlines suggest, economic gloom and extreme volatility have taken their toll on the IPO market. In the month of August alone, 21 US companies nixed plans to go public, 11 of which officially withdrew their filings, the most to do so since the onslaught of the financial crisis. While the immediate effects of the capital market fallout have temporarily halted IPO issuance,...read more
Avaya Holdings files for a $1 billion IPO
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...read more