Mavenir Systems, a telecommunications networking solutions provider, filed on Friday with the SEC to raise up to $86 million in an initial public offering. The Richardson, TX-based company, which was founded in 2005 and booked $82 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol MVNR. Mavenir Systems initially filed confidentially on December 20, 2012. Morgan Stanley, BofA Merrill Lynch and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
