Elauwit Connection, which provides broadband internet for the multifamily and student housing sector, filed on Friday with the SEC to raise up to $15 million in an initial public offering.
The company plans to raise $15 million by offering 1.5 million shares at a price range of $9 to $11. At the midpoint of the proposed range, the company would command a market cap of $65 million.
Elauwit Connection is a provider of broadband internet networks for the multifamily and student housing property sector, providing Managed Services and Network-as-a-Service solutions designed to modernize and enhance the internet connectivity experience for residents.
The Columbia, SC-based company was founded in 2019 and booked $17 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol ELWT. Craig-Hallum Capital Group is the sole bookrunner on the deal.
