Airvana, Inc. Prices Initial Public Offering
CHELMSFORD, Mass., July 20, 2007 (PRIME NEWSWIRE) -- Airvana, Inc. (Nasdaq:AIRV) today announced the pricing of its initial public offering of 8,300,000 shares of common stock at a price to the public of $7.00 per share. All of the 8,300,000 shares being sold in the offering are being sold by Airvana. In addition, Airvana has granted the underwriters a 30-day option to purchase up to an additional 1,245,000 shares to cover over-allotments, if any. Airvana's common stock is expected to begin trading on the NASDAQ Global Market on Friday, July 20, 2007 under the symbol "AIRV."
Morgan Stanley & Co. Incorporated acted as the sole book-running lead manager for the offering. Lehman Brothers Inc. acted as joint-lead manager, and Deutsche Bank Securities Inc. and UBS Investment Bank acted as co-managers for the offering.
The offering is made only by means of a prospectus, copies of which may be obtained by contacting Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014; Attention: Prospectus Department or by email at email@example.com.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Airvana is a leading provider of network infrastructure products used by wireless operators to provide mobile broadband services.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
CONTACT: Airvana, Inc. Laura Often (508) 887-3796 firstname.lastname@example.org