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IPO Action: Mavenir, Numericable

Ray Le Maistre

The week has ended with a flurry of communications-related IPO action -- and we're not even talking about the Twitter bubble!

Mobile data service platform specialist Mavenir Systems Inc. joined the New York Stock Exchange Thursday, having unveiled its IPO plans last month. (See Mavenir Files for IPO.)

The Service Provider Information Technology (SPIT) vendor priced its shares at $10 and saw the stock open at $11.25. However, it closed the day at $9.55.

Meanwhile, French cable operator Numericable-SFR , which revealed its listing intentions in September, saw its share price soar by nearly 9.5 percent to €27.15 on the Paris stock exchange Friday morning. For more details, see this Bloomberg story. (See Numericable Preps IPO.)

— Ray Le Maistre, Editor-in-Chief, Light Reading

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11/10/2013 | 8:38:15 PM
Mavenir IPO
Mavenir closed down about 45 cents from its $10 start price, yet it raised almost $45 million. That's pretty much what Mavenir was looking to do, according to many reports, showing that you don't have to  do Twitter-like business the first day to have a successful IPO.
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