Cambium Networks, which provides cloud-based wireless broadband network infrastructure solutions, announced terms for its IPO on Thursday.
The Rolling Meadows, IL-based company plans to raise $81 million by offering 5.8 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Cambium Networks would command a market value of $363 million.
Cambium Networks was founded in 2011 and booked $251 million in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol CMBM. J.P. Morgan and Goldman Sachs are the joint bookrunners on the deal. It is expected to price during the week of June 24, 2019.
