Sysorex Global Holdings, which provides IT infrastructure solutions to enterprises and governments, decreased the shares it will offer in its upcoming IPO on Thursday. The Santa Clara, CA-based company now plans to raise up to $20 million by offering 3.3 million shares (5% insider) at a price range of $5 to $6. The company had previously filed to offer 3.6 million shares at the same range.
Sysorex Global Holdings, which was founded in 1999 and booked $35 million in sales for the 12 months ended September 30, 2013, plans to list on the NASDAQ under the symbol SYRX. Wellington Shields & Co and Dougherty & Company are the joint bookrunners on the deal.
