NEW YORK (Reuters) - Private equity-backed Avaya Inc plans to file for a $1 billion initial public offering as early as this week, marking the latest in a rash of technology sector IPOs, according to a Wall Street Journal story.
The offering could value the maker of telecommunications equipment at $5 billion or more, according to the Tuesday story which cited unnamed people familiar with the matter. A spokesman for Avaya declined to comment.
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Avaya was taken private in 2007 through a $8.3 billion purchase by a private equity firms Silver Lake Partners
Barclays, JP Morgan, Citigroup and Credit Suisse declined to comment while Goldman Sachs and Morgan Stanley were not immediately available for comment.
In 2000, Avaya was spun off from Lucent Technologies and was traded on the New York Stock Exchange until its 2007 takeover. Lucent, itself a spin-off from AT&T Inc
Chip maker Freescale Semiconductor Holdings
High-profile daily deals site Groupon Inc filed for an IPO just last week.
(Reporting by Sinead Carew; Additional reporting by Clare Baldwin and Megan Davies; Editing by Derek Caney and Tim Dobbyn)