NEW YORK-Denver-based Formus Communications Inc. hopes to raise $150 million in an initial public offering of stock to help finance its deployment of fixed wireless data, voice and Internet access services in Europe.
The three-year-old company has launched commercial broadband access service in Poland. It also holds radio-frequency licenses in Finland, Germany and New Zealand, license rights in Ireland and trial licenses in France and Hungary.
Chase Capital Partners and Intel Corp. are among the primary private equity investors in Formus.
Donaldson, Lufkin & Jenrette Securities Corp. is lead underwriter for the proposed sale of stock, for which Formus has applied to Nasdaq for listing.
