Broadband business Casa Systems up 11% following downsized IPO [TechCrunch Blog]
Casa Systems, Inc. (CASA)
Last casa systems, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
investors.casa-systems.com/investor-relations
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Source: TechCrunch Blog
Hi! Andover, Massachusetts-based Casa Systems had a tough time pulling off its IPO this week. The broadband solutions company wanted to debut Thursday, but pushed its launch back to Friday, likely because of weak initial demand. Casa had planned to sell 8.4 million shares, but reduced it to 6 million following the investor roadshow (where companies pitch institutional investors and other IPO buyers). The IPO was slated to price between $15 to $17 per share, but it priced at $13, raising $78 million versus the $134.4 million it would have raised at the midpoint of the range at the original deal size. But on a better note, the stock bounced up almost 11 percent from its $13 IPO price, closing the day at $14.40. Here’s how Casa describes its business in its IPO filing : “We provide a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speed
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CASA
News
- Vecima Announces Intent to Acquire the Assets of Casa Systems' Cable Business [Yahoo! Finance]Yahoo! Finance
- Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses [Yahoo! Finance]Yahoo! Finance
- Lumine Group Enters into an Agreement to Acquire Casa Systems' Axyom Cloud Native 5G Core Software & RAN Assets [Yahoo! Finance]Yahoo! Finance
- Lumine Group Enters into an Agreement to Acquire Casa Systems' Axyom Cloud Native 5G Core Software & RAN Assets [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Lumine Group Enters into an Agreement to Acquire Casa Systems’ Axyom Cloud Native 5G Core Software & RAN AssetsGlobeNewswire
CASA
Earnings
- 11/7/23 - Miss
CASA
Sec Filings
- 5/3/24 - Form 8-K
- 4/3/24 - Form 8-K
- 4/2/24 - Form 8-K
- CASA's page on the SEC website