Mavenir Systems reports it will price initial public offering of stock

Morgan Stanley, BofA Merrill Lynch, Deutsche Bank are the bookrunners

By Devika Patel

Knoxville, Tenn., Oct. 4 - Mavenir Systems, Inc. plans to price an initial public offering of its common stock with a greenshoe option, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

Morgan Stanley, BofA Merrill Lynch and Deutsche Bank Securities are the joint bookrunning managers. Needham & Co. is the co-manager.

Proceeds will be used for working capital and other general corporate purposes.

Based in Richardson, Texas, the company is a provider of software-based telecommunications networking solutions that enable mobile service providers to deliver internet protocol-based voice, video, rich communications and enhanced messaging services to their subscribers globally. The company intends to list its common stock on the New York Stock Exchange under the symbol "MVNR."

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