Envivio, a video delivery system spin-off which postponed its float last year, sets the range of the initial public offering.
Envivio, a US-based video delivery system company backed by units of corporates Samsung, France Télécom, and NTT, has set the terms for its flotation, taking the maximum amount planned to be raised to $107m.
The company said in a filing with US regulator Securities and Exchange Commission today it would sell 7.75 million shares in a range of $10 to $12 per share. The company added underwriters have options to purchase 1.16 million shares.
The company is planning to…
