Neustar IPO set at 25 million shares, $18-$20 per share
An Dow Jones/AP article in The Mercury News (registration required) this morning reveals that:
Neustar Inc. on Thursday set the terms of its pending initial public offering at 25 million shares, at an estimated price of $18 to $20 a share.
The company, based in Sterling, Va., provides the North American communications industry with clearinghouse services. It operates the directories that manage virtually all telephone area codes and numbers, and enables the routing of calls among competing communications service providers in the United States and Canada.
According to an amended filing with the Securities and Exchange Commission, Neustar said all of the shares being offered will be sold by selling shareholders.
The largest selling shareholder listed in the filing was Warburg Pincus Equity Partners LP.
The selling shareholders have granted the underwriters an option to purchase up to an additional 3.75 million shares to meet demand.
posted by Fergie @ 6/09/2005 09:06:00 AM
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