Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Syniverse Holdings, Inc.
Robert W. Baird & Co. served as co-manager on this offering
Syniverse Holdings, Inc. (NYSE: SVR) recently completed a follow-on offering of 20,000,000 shares of common stock at a price of $15.50 per share. The offering generated gross proceeds of $310.0 million for certain selling shareholders before underwriting discounts, commissions and expenses. The underwriters have the option to purchase up to an additional 3,000,000 shares to cover over-allotments.
Syniverse is a leading enabler of wireless voice and data services for telecommunications companies worldwide. Syniverse’s mission-critical data clearinghouse, network and technology services solve technical and operational challenges for the wireless industry by translating incompatible communication standards and protocols and simplifying operator interconnectivity. The Company’s fully-integrated suite of transaction-based services allows operators to deliver seamless voice, data and next generation services to wireless subscribers, including roaming, Short Message Service, Multimedia Messaging Services, caller ID, number portability and wireless video services. Syniverse currently provides services to more than 375 operators in over 75 countries.