Cambium Networks, which provides wireless broadband networking products, raised $70 million by offering 5.8 million shares at $12, below the range of $13 to $15. Earlier on Tuesday, the company disclosed that top shareholder Vector Capital intended to purchase 1.5 million shares of the IPO (26%).
Cambium Networks plans to list on the Nasdaq under the symbol CMBM. J.P. Morgan and Goldman Sachs acted as lead managers on the deal.
