Wednesday, June 8, 2011

Avaya Files for $1 Billion IPO

Avaya Holdings Corp. (Avaya), the parent company of Avaya Inc., filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of $1 billion of its common stock. The joint book-runners of the proposed offering will be Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., BofA Merrill Lynch, Barclays Capital Inc., UBS Investment Bank and Credit Suisse Securities (USA) LLC.
http://www.avaya.com

  • In September 2009, Avaya prevailed its bid to acquire Nortel Enterprise Solutions at auction for US $900 million in proceeds to Nortel and an additional pool of $15 million reserved for an employee retention program.


  • In October 2007, Avaya was delisted from the NYSE (ticker: AV) in a privatization deal in which Silver Lake and TPG Capital paid approximately $8.3 billion.


  • In October 2000, Avaya was spun off from Lucent Technologies. Previously, it was part of AT&T.