Liberty Global-backed broadband connectivity software provider Casa Systems has filed for a $150m IPO

Casa Systems, a US-based broadband connectivity technology provide backed by mass media group Liberty Global, has filed to raise up to $150m in its initial public offering.

Casa produces software technology that enables cable service providers such as Liberty Global to transmit data, video and voice-based content through one platform at multi-gigabit speeds, meaning they can increase network speed and bandwidth capacity.

The company made $59.6m in net income in the first nine months of 2017 from $233m in…