Veraz, VoIP provider for carriers, sees weak IPO
Veraz Networks, the San Jose, Ca. provider of VoIP equipment for telecom carriers, opened at $8 a share, below its target of $10-$12, and subsequently started trading even lower. It was at $7.90 around midday EST, on its first day of IPO trading.
Veraz raised $72 million by offering 9 million shares, and is the latest company going public while losing money.
Its revenue is growing quickly, but still reported a 2006 net loss of $14… Continue Reading
Veraz, a VoIP equipment provider, raises $10M more before IPO
Veraz Networks, a San Jose provider of VoIP equipment, has raised about $10 million more in venture capital, even it has registered to go public.
The round was reported to the Securities and Exchange Commission, and cited this morning by VentureWire (sub required).
Investors listed in the filing include Battery Ventures, Norwest Venture Partners, Levensohn Capital Management, KPCB Holdings Inc., ECI Telecom Ltd., Comdisco Inc., Star Bay Partners LP, Liberty Mutual Insurance Co. and Argonaut Holdings LLC…. Continue Reading
Veraz files plans to raise $115 in IPO
VOIP equipment vendor Veraz Networks, of San Jose, aims to raise up to $115 million in an IPO on the Nasdaq, according to an S-1 form filed with the Securities and Exchange Commission.
Norwest Venture Partners, ECI Telecom, Battery Ventures, and
Argonaut Holdings are the company’s largest shareholders.
LightReading has a good summary here.
The company’s S-1 shows Veraz’s revenues last year at $76.2 million, including $41.7 million from “digital circuit multiplication equipment” sales, $24.5 million from VOIP… Continue Reading