Danger, the software company behind T-Mobile USA's popular Sidekick handsets has filed for an initial public offering with the SEC. While the company did not disclose the terms of its IPO, it did mention its intent to pay off its outstanding debt, which totaled $7.2 million at the end of November. Sharp and Motorola manufacture Danger's mobile devices. Carriers like T-Mobile USA and others in Australia and Europe pay the company monthly service fees from subscribers who use Danger's data services. Deutsche Bank and UBS are managing the deal for Danger, while Thomas Weisel Partners, Pacific Crest Securities and ThinkEquity Partners are underwriting.
Danger's IPO is just one of a dozen for the wireless industry in the U.S. this year. For a look back at the other seven IPOs of 2007, check out our special feature from earlier this month.
For more on Danger's IPO:
- also read this article [1] from the AP
- check out the top wireless IPOs [2] of 2007
Links:
[1] http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-21797064.htm
[2] http://www.fiercewireless.com/story/top-5-wireless-ipos-2007/2007-12-05