INTM News

Intermedia Cloud Communications, which provides a cloud-based communication platform for businesses, withdrew its plans for an initial public offering on Wednesday. The company had set terms in March 2021, but the deal was later postponed. Intermedia revived its IPO in September 2021 with a $100 million blank filing, and periodically updated its prospectus since then; its last...read more

Intermedia Cloud Communications, which provides a cloud-based communication platform for businesses, revived its IPO plans on Friday with a blank filing, disclosing plans to raise up to $100 million. The company had previously planned to raise $300 million by offering 12.2 million shares (17% secondary) at a price range of $23 to $26, but postponed this past April. In its latest...read more

Intermedia Cloud Communications, which provides a cloud-based communication platform for businesses, postponed its IPO on Thursday, citing challenging market conditions. It had filed to raise $300 million by offering 12.2 million shares (17% secondary) at a price range of $23 to $26. The company provides a proprietary cloud-based communications and collaboration platform,...read more

Following some turbulence in the IPO market, eight IPOs are scheduled to raise $3.0 billion in the shortened holiday week. Online real estate brokerage Compass (COMP) plans to raise $882 million at a $12.5 billion market cap. Compass provides a platform for real estate agents to manage and deliver service to seller and buyer clients. Fast growing but...read more