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 initially wanted to debut Thursday, but pushed its launch back to Friday, likely due to 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% 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
- Private LTE Market Forecast to Reach $14.6 Billion by 2032: Insights by Component, Technology, Frequency Band, Deployment Model, Industry Vertical, and Region 2024-2032 [Yahoo! Finance]Yahoo! Finance
- Kindbody Continues Nationwide Expansion; Adds to Executive Leadership Team to Support Next Stage of Growth [Yahoo! Finance]Yahoo! Finance
- Alef and Casa Systems Join Forces to Unlock Opportunity for Mobile Private Networks [Yahoo! Finance]Yahoo! Finance
- Alef and Casa Systems Join Forces to Unlock Opportunity for Mobile Private NetworksGlobeNewswire
- Casa Systems Develops Cloud-Native Solution to Extend Wireless Wireline Convergence Capabilities to Hybrid Cloud Environments with AWS [Yahoo! Finance]Yahoo! Finance
CASA
Earnings
- 11/7/23 - Miss
CASA
Sec Filings
- 3/28/24 - Form 8-K
- 1/5/24 - Form 3
- 1/2/24 - Form 4
- CASA's page on the SEC website