IntelePeer ipo stock symbol

IntelePeer ipo stock symbol ; Cloud-based video and voice communications company IntelePeer has announced its IPO terms. Look for the IPO to take place the week of January 23, 2012, according to Renaissance Capital. IntelePeer will list on NASDAQ and trade under the symbol PEER. It is looking to raise $75 mn in an offering of 7.5 mn shares at a price range of $9 to $11. At the mid-point, its valuation would be $416 mn. IntelePeer is not profitable, although it posted 32 percent YOY revenue growth for the first nine months of 2011.

Among IntelePeer’s backers are Sprint Nextel, Qwest Communications and VantagePoint Venture Partners. The lead underwriters are JP Morgan, Deutsche Bank and Barclays Capital.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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