Mitel Networks, which provides IP-based telephony systems to small and medium sized enterprises, raised $147 million by offering 10.5 million shares at $14.00, well below the range of $18.00 to $20.00. Mitel Networks plans to list on the NASDAQ under the symbol MITL. BofA Merrill Lynch, J.P. Morgan, and UBS Investment Bank were the bookrunners on the deal.
