Elauwit Connection, which provides broadband internet for the multifamily and student housing sector, raised $15 million by offering 1.7 million shares at $9, as expected. At pricing, the company commands a market cap of $60 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.
Elauwit Connection plans to list on the Nasdaq under the symbol ELWT. Craig-Hallum Capital Group acted as sole bookrunner on the deal.
