CommScope Holding Company, Inc. has commenced an initial public offering of 38,461,537 shares of its common stock, of which 30,769,230 shares are to be sold by CommScope and 7,692,307 shares are to be sold by an affiliate of The Carlyle Group (the "selling stockholder"). The anticipated initial offering price is between $18.00 and $21.00 per share and the offering is being made pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission. The selling stockholder has also granted the underwriters a 30-day option to purchase up to an additional 5,769,230 shares of CommScope's common stock. CommScope will not receive proceeds from any exercise by the underwriters of their option to purchase additional shares. CommScope has applied for listing of its common stock on the NASDAQ Global Select Market under the ticker symbol "COMM."
This release contains certain forward-looking statements regarding CommScope and its subsidiaries and the initial public offering of CommScope's common stock. All of these statements are based on management's expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of CommScope's control that may cause its business, industry, strategy, financing activities or actual results to differ materially. CommScope undertakes no obligation to update or revise any of the forward looking statements contained herein, whether as a result of new information, future events or otherwise. The pricing information presented herein has been provided for indicative purposes only, is an estimate and remains subject to change.
Phil Armstrong
CommScope
Senior Vice President, Corporate Finance
+1 828-323-4848
Mark Huegerich
CommScope
Director, Corporate Finance
+1 828-431-2540