Casa IPO grosses $89 million

Casa Systems (NASDAQ:CASA) announced the closing of its initial public offering (IPO) of 6.9 million shares of its common stock at a public ...

Casa tests remote PHY at CableLabs
Casa tests remote PHY at CableLabs

Casa Systems (NASDAQ:CASA) announced the closing of its initial public offering (IPO) of 6.9 million shares of its common stock at a public offering price of $13 per share, including 900,000 additional shares of common stock issued upon the exercise in full by the underwriters of their over-allotment option. The original offer was for 6 million shares.

The gross proceeds to Casa from the offering were $89.7 million, before deducting underwriting discounts and commissions and offering expenses. All of the shares sold in the offering were offered by Casa. Casa's shares began trading on The Nasdaq Global Select Market on Dec. 15.

A registration statement relating to the securities was declared effective by the Securities and Exchange Commission.

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