CommScope, a global market-leading provider of connectivity solutions for wireless, enterprise and residential broadband networks, raised $577 million on Thursday by offering 38.5 million shares (20% insider) at $15, below its $18 to $21 range. CommScope now commands a fully diluted market cap of $2.9 billion and an enterprise value of $5.3 billion. CommScope will list on the NASDAQ under the ticker COMM. JP Morgan, Deutsche Bank, BofA Merrill Lynch, Barclays, Credit Suisse, Goldman Sachs, Jefferies & Co., Morgan Stanley, RBC Capital Markets and Wells Fargo all acted as joint bookrunners on the deal.
