Starent Networks to raise $115M in IPO

More wireless IPO news: Starent Networks filed plans today for an IPO that it hopes will bring in $115 million. Starent is an infrastructure software developer. The number of shares or share price have yet to be decided, but Goldman Sachs and Lehman Brothers will be the joint book-running managers, while JPMorgan and Thomas Weisel will act as co-managers. Sixty mobile network providers worldwide and 30 carrier networks in the U.S. use Starent's products, including Verizon Wireless, U.S. Cellular and Virgin Mobile USA. Starent plans to service 3G network operators with a new suite of products later this month.

For more on Starent's IPO plan:
- see this article from the EETimes

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