Intermedia Cloud Communications Inc, a cloud-based communications and collaboration platform provider, has filed Amendment No 3 to Form S-1 Registration Statement on March 23, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $300 million by offering 12.2 million shares at a price range of $23 to $26. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $1.5 billion.
The company provides a leading, proprietary cloud-based communications and collaboration platform, purpose-built for our extensive and expanding network of more than 7,000 channel partners and used by a growing base of over 122,000 business customers as of December 31, 2020.
The Sunnyvale, California-based company was founded in 1993 and booked $252 million in revenue for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “INTM.” Morgan Stanley, J.P. Morgan, Credit Suisse, Evercore ISI and Jefferies are underwriters of the IPO.
The company engages Kirkland & Ellis LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.
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