REDWOOD CITY, Calif.-interWAVE Communications International Ltd. said it filed a registration statement with the Securities and Exchange Commission for an initial public offering of 7.5 million shares of common stock.
The underwriters may purchase an additional 1.125 million shares to cover overallotments, the company said. The maximum aggregate size of the offering is expected to be $86.3 million. All shares being offered are to be sold by the company.
The offering will be managed by Salomon Smith Barney Inc., Banc of America Securities L.L.C. and SG Cowen Securities Corp., said the company.
