Cambium Networks is making an initial public offering of its stock, paying down debt and continuing its focus on providing economical wireless network equipment to mid-size network operators around the world.
The company, based in the Chicago, Illinois area, will trade under the symbol CMBM. Shares are being offered for $12 per share, and the company expects to raise nearly $66 million, according to its prospectus filed with the Securities and Exchange Commission. That prospectus reported that Cambium recorded $242 million in 2018 revenues, a 17% year-over-year increase.
