US-based business communications provider Avaya is planning an IPO with the aim of raising US$1bn, according to media reports.
A report in InformationWeek, which cites the Wall Street Journal, stated that the offering would value Avaya at US$5bn.
Avaya…
US-based business communications provider Avaya is planning an IPO with the aim of raising US$1bn, according to media reports.
A report in InformationWeek, which cites the Wall Street Journal, stated that the offering would value Avaya at US$5bn.
Avaya said it would not comment on rumours or speculation.
The company provides a range of applications, software, hardware and services to enable unified communications and telecoms services within businesses.
It was acquired for US$8.4bn in 2007 by two private equity groups, Silver Lake Partners and TPG.
It is now a wholly-owned subsidiary of Sierra Holding Corp, a vehicle created by the PE companies.
The reported current valuation of US$5bn would represent a fall of over 40% in value from the price paid in the 2007 acquisition by the PE companies.
