Alvarion Ltd (AVLR) IPO Opens 46% Higher

Today's IPO for Alvarion Ltd (NASDAQ: AVLR) opened for trading at $35 after pricing 7,500,000 shares of its common stock at a public offering price of $24.00 per share.

Goldman Sachs & Co. LLC, J.P. Morgan, and BofA Merrill Lynch are acting as book-running managers for the offering. JMP Securities, KeyBanc Capital Markets, and Stifel are acting as co-managers.

Avalara helps businesses of all sizes achieve compliance with transaction taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers comprehensive, automated, cloud-based solutions designed to be fast, accurate, and easy to use. The Avalara Compliance Cloud® platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world.

You May Also Be Interested In

• Doncasters (DPC) indicating open around $40, IPO priced at $33
• DSC Holdings prices IPO at $17 per ADS on Nasdaq
• DPC Holdings Opens At $44, IPO Priced At $33