TeleNav, which offers wireless location based services (LBS) such as voice guided navigation on mobile phones, filed last Friday with the SEC to raise up to $75 million in an initial public offering. The registrant, TeleNav Holdings, plans to merge with and rename itself as its parent company, TeleNav, prior to the offering. The Sunnyvale, CA-based company, which was founded in 1999, plans to list under the symbol TNAV. J.P. Morgan and Deutsche Bank are the lead underwriters on the deal. No pricing terms were disclosed.
