Boston, MA 03\/31\/2014 (wallstreetpr) \u2013 Commscope Holding Company Inc. <\/b>(NASDAQ:COMM)<\/b>, announced the price of secondary offering on the common stock of the firm to be $22.00. This offering is decided for 17.5 million shares on the common stock of the firm. All the offered common stock shares of the firm are sold by a sub-associate of the Carlyle Group. The Carlyle Group is the \u2018selling stock holder\u2019 for the firm. This selling stock holder has also put up a scheme for the underwriters, under which they have got an option to purchase additional shares at the public offering price. This option is available for 30 days and the underwriters can buy up to 2.62 million shares. The company will not get any of the proceedings from the secondary offering of the shares by the selling stockholder.<\/p>\n
\u00a0The Secondary Offering<\/b><\/p>\n
The secondary offering will also be pursuant with a registration statement which will be filed by the U.S. Exchange and Securities Commission (SEC). The U.S. SEC will file the registrations of the firms on Form S1.<\/p>\n
The major firms which are working as the leading book running managers for the proposed secondary offering are JPMorgan Chase & Co. (NYSE:JPM)<\/b>, Deutsche Bank Securities Inc. and Bank of America Merrill Lynch. In addition to these, there are other companies too which be the managers and co-managers of the offering.<\/p>\n
The SEC (Security and Exchange Commission), has filed a registration statement in relation to these securities which has been declared to be effective from March 26, 2014. The SEC will also file a prospectus for all these firms which will contain the registration forms of the firms and the final written prospectus. This final written prospectus will be made available to all of them, when available.<\/p>\n
Commscope Holding Company Inc. (NASDAQ:COMM) is looking forward to this new offering and is anticipating growth in their market position through this change.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/31\/2014 (wallstreetpr) \u2013 Commscope Holding Company Inc. (NASDAQ:COMM), announced the price of secondary offering on the common stock of the firm to be […]<\/p>\n","protected":false},"author":32,"featured_media":18372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[1942],"tags":[5699,1628,5700,603],"stock_ticker":[],"class_list":["post-18368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-commscope-holding-company-inc-nasdaqcomm","tag-jpmorgan-chase-co-nysejpm","tag-nasdaqcomm","tag-nysejpm","entry"],"acf":[],"yoast_head":"\n