CommScope planning $750M IPO

Telecommunications equipment vendor CommScope filed plans for an initial public offering worth up to $750 million. The company was taken private by Carlyle Group in 2011 for $3.9 billion. Carlyle had recently been rumored to be seeking banks to take CommScope public, according to Reuters. CommScope provides a vast array of telecommunications equipment, including distributed antenna systems (DAS), wireless backhaul support, metrocell concealment solutions and more. Lead underwriters for the offering are J.P. Morgan, Deutsche Bank, Merrill Lynch and Pierce, Fenner & Smith. For more, see this Reuters article