Private equity companies planning IPO of equipment maker Avaya in April to raise $1bn

Best Avaya Certification Training and Avaya Exams Training  and more Cisco exams log in to examkingdom.com

Equipment maker Avaya could hold its initial public offering of shares as early as April, reported Bloomberg citing sources. While the company had filed for an IPO in June 2011, it had delayed the sale due to volatility in stock markets which kept investors at bay, the report added.
The company, which separated from Lucent in 2000, is owned by private-equity firms Silver Lake and TPG Capital.
The firm is hoping to raise $1 billion from the IPO and has appointed Morgan Stanley, Goldman Sachs and JPMorgan Chase to lead the IPO. Avaya has not revealed a price range or the number of shares to be offered. GTB