Summary
- Mavenir has filed proposed terms for a $300 million IPO of its Class A common stock.
- The firm provides software for wireless service providers worldwide.
- MVNR has produced accelerating topline revenue growth, a swing to operating profit, near net breakeven amid a growing industry.
- The IPO is worth considering.
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Quick Take
Mavenir plc (MVNR) has filed to raise $300 million in an IPO of its Class A ordinary shares, according to an S-1 registration statement.
The firm provides software solutions to wireless service providers worldwide.
MVNR is producing an accelerating revenue growth rate, a swing to operating profit, near net breakeven and enjoys a positive industry outlook; at an EV/Revenue of 4.76x, the IPO looks to be worth consideration.
Company & Technology
Richardson, Texas-based Mavenir was founded to develop cloud-based software tools for tier 1 and other wireless service providers in global markets operating 2G - 5G networks.
Management is headed by president and CEO Mr. Pardeep Kohli, who has been with the firm since 2016 and was previously CEO of Xura and president and CEO of Mavenir Systems through its public offering and ultimate acquisition.
Below is a brief overview video of Mavenir:
