Report: Avaya planning to file for a $1 billion IPO

By Robin Wilding
Updated: June 15, 2011

Report: Avaya planning to file for a $1 billion IPO

In the year of high-profile Initial Public Offerings Avaya has grabbed attention by recently filing for a $1 billion IPO. Avaya is currently backed by private equity firms Silver Lake Partners and TPG Inc., companies who purchased the company in 2007 for $8.3 billion after its spin off from Lucent Technologies.

The IPO is using some famous names for its underwriters, including the likes of Goldman Sachs, Citigroup, JP Morgan Chase, Credit Suisse, and Barclays--none of whom have released a comment on the IPO.

The IPO comes amid a burst of IPOs, similar to the DOT-com wave bubble burst. With Avaya, Zynga, Groupon, and Facebook set to IPO in the next year, the focus of many analysts is on tech companies looking to go public. Especial scrutiny is being paid to current tech IPOs with the biggest IPO of the year, Facebook rumored to be using Goldman Sachs to create a special vehicle for their IPO—avoiding the public scrutiny caused to young entrepreneurs by public IPOs. If this sounds familiar Goldman Sachs also created a special vehicle for their most famed client—Enron.

The Avaya IPO could help set the value for the telecommunications equipment manufacturer above $5 billion, according to a story that declined to cite its sources. Avaya spokespeople have declined to comment on how the IPO could help set a worth for their company.  

Featured Research
  • What You Need to Know About VoIP Security

    No matter the industry or area of expertise, a strong VoIP system is the perfect tool for any business looking to take both its internal and external communication to the next level. more

  • Are You Using These 5 VoIP Features?

    In large part, the success of your business depends on the strength and reliability of your team’s many communication networks—this includes your Voice over Internet Protocol system (VoIP). more

  • Go Mobile and Increase Employee Productivity

    The Bring Your Own Device (BYOD) and Voice over Internet Protocol (VoIP) tech trends now allow people to work whenever, wherever, and however they want—mobility makes it happen. more

  • [Infographic] How to Select a Phone System in 10 Steps

    Choosing the perfect phone system for your business is no small task …. Depending on the size of your company, the industry in which you work, and the specific needs your phone system will be required to meet, any number of solutions could get the job done. more

  • 2017 Business VoIP Cost Guide

    Reducing expenses is one of the main reasons that businesses switch from traditional office phone systems to VoIP technology. But many people rush this decision and end up spending more than they need to. The costs of implementing a new VoIP system can increase quickly, especially if you don’t strategically plan for it ahead of time. more

Related Articles