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IPOs

BigBand IPO May Wait Till Spring

Remember that $140 million IPO prospectus from BigBand Networks Inc. (Nasdaq: BBND) that was filed in late December? Well, the word on the street now is that the digital video and CMTS specialist may have to wait as long as late May to cash in its chips on the public market.

Wall Street sources tell us that BigBand, which had been hoping to go public by early April, may have to delay its stock offering another month or two. That's because it may have to file its fourth quarter and year-end earnings report first as part of its response to the expected comments from the Securities and Exchange Commission (SEC) on the company's initial S-1 filing.

Nothing has been decided quite yet. But we do know that BigBand still hasn't scheduled its national road show for investors, part of the standard prelude for a private company seeking to go public. So it could be a long spring waiting around for BigBand to go big-time.

— Alan Breznick, Site Editor, Cable Digital News

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