Initial Public Offering
Baird served as a bookrunner on this offering
AboutBandwidth Inc. (“Bandwidth” or the “Company”) (NASDAQ-GS: BAND) recently completed an initial public offering of 4,000,000 shares of its Class A common stock at a price to the public of $20.00 per share, generating gross proceeds of $80 million. The Company intends to use the net proceeds from the offering as growth capital and for debt repayment.
Bandwidth aims to empower enterprises to create, scale and operate voice or text communications services across any application or device. The Company’s software platform and network enable enterprise customers to rapidly develop and deploy software-powered communications solutions. Bandwidth’s sophisticated, yet easy-to-use software APIs allow enterprises to customize their communications solutions rapidly and securely in a seamless manner. By operating its own capital-efficient IP voice network, the Company is able to offer superior service-level agreements, dedicated operating teams, personalized support and flexible cost structures. Bandwidth was founded in 2000 and is based in Raleigh, North Carolina.
CONTACT US TO LEARN MORE
- November 2017
- Bandwidth Inc.
- Technology & Services
- Target Location
- North America
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