Friday, July 20, 2007

Airvana Raises $58.1 Million With IPO - Chelmsford, MA

Chelmsford-based Airvana, a provider of network infrastructure products used by wireless operators, raised $58.1 million through an initial public offering on Friday. The company priced the offering at $7 per share -- below the expected range. The company's stock began trading on the NASDAQ Global Market, trading under the ticker symbol AIRV. Investors in the company include Matrix Partners, Qualcomm Inc, and CommVest, LLC.


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