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Carlyle's CommScope sets IPO terms, valued at up to $3.9 billion

Telecommunications equipment company CommScope Holding Co Inc set pricing terms for its initial public offering, which could value the company at up to $3.9 billion, about three years after being taken private by Carlyle Group LP in a deal valued at $3.9 billion, including debt.CommScope said it expects the offering of 38.5 million shares to be priced at between $18 and $21 each, raising over $800 million.The company is selling 30.8 million shares in the IPO, with affiliates of Carlyle offering the remaining shares, according to CommScope's regulatory filing on Friday. ( will hold an about 75 percent stake in CommScope after the offering, if the underwriters exercise their option to purchase additional shares.CommScope is a major manufacturer of cables that underpin high-speed data networks. It traces its roots to Superior Cable Corp, a telephone cable company created in 1953, and changed ownership several times until it went public in 1997.Hickory, N...

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