TV Everywhere vendor Synacor sets IPO price
Synacor, the Buffalo, N.Y.-based Internet video technology firm that manages portals for Charter Communications (Nasdaq: CHTR), Grande Communications and other pay TV distributors, said Monday that it expects shares in its initial public offering to be priced between $10 and $12 per share.
Synacor first planned to go public in 2007, but pulled the plug after underwriter Bear Stearns collapsed. The company, whose investors include Intel (Nasdaq: INTC), says it will sell 5.45 million shares under the ticker symbol "SYNC."
Leader underwriters for the IPO are BofA Merrill Lynch, Citigroup and Stifel Nicolaus Weisel.
- Reuters has this story