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Elauwit Connection

Priced, Nasdaq: ELWT

Provides broadband internet for the multifamily and student housing sector.

Industry: Communication Services

Latest Trade: $7.30 0.00 (0.0%)

First Day Return: -20.0%

Return from IPO: -18.9%

We are a provider of broadband Internet networks for the multifamily and student housing property sector. We provide Managed Services and Network-as-a-Service solutions designed to modernize and enhance the Internet connectivity experience for residents while driving significant financial benefits for property owners. We design, install, operate, and maintain new fiber optic and WiFi networks throughout each contracted property. Once installed, property owners begin selling Internet connectivity over our network directly to their residents at monthly prices and terms of their choosing. We, in turn, provide all resident activation, onboarding, customer support, and all network monitoring and maintenance services in exchange for a fixed monthly fee based on the number of units in the property times a monthly per-unit wholesale price. Our contracts with property owners generally have five to eight-year terms.
IPO Data
IPO Date 11/04/2025
Offer Price $9.00
Price Range $9.00 - $9.00
Offer Shares (mm) 1.7
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Underwriter Name Craig-Hallum Capital Group
Company Data
Headquarters Columbia, SC, United States
Founded 2002
Employees at IPO 21
Website www.elauwit.com

Elauwit Connection (ELWT) Performance