Mitel seeks record $230M IPO

Posted 3314 days ago by bob in category Ottawa Citizen with 0 Comments 

Ottawa’s largest-ever initial public offering filing seen as signal merged company is in fighting form

By Bert Hill, The Ottawa Citizen

Mitel Networks has filed to sell up to $230 million U.S. in stock in what would be the largest ever initial public offering by an Ottawa-based company.

The move suggests confidence in the future of the region’s industry. Not only is Mitel the most valuable tech firm still headquartered in the region, it is an important customer for more than a dozen Ottawa-based companies.

It’s the second attempt by the legendary telecommunications firm to offer shares to the public since 2006, when Mitel’s efforts were put on hold due to the firm’s merger with Inter-Tel of Arizona.
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