Mavenir Systems completed its IPO, offering 5,450,000 shares of common stock at an initial price of $10.00 per share. The shares are not trading on the New York Stock Exchange under the ticker symbol “MVNR”.
Shares of MVNR closed on Thursday at $9.55, down 4.5% from the opening price.
Mavenir’s mOne Convergence Platform for mobile service providers supports Voice-Over-LTE (VoLTE) and Rich Communication Services 5.0, as well as Voice over Wi-Fi (VoWi-Fi) over existing 2G and 3G networks and next-generation 4G networks.
