Consonus Technologies IPO: Finance Trading Times

Consonus Technologies IPO

A new IPO or initial public offering is set to hit the stock markets. The IPO belongs to Technology consulting firm Consonus Technologies.
Consonus Technologies IPO
What is the expected size of the Consonus Technologies IPO?
The Consonus Technologies IPO is expected to raise around 21.1 million USD through the IPO. Initially, as per the previous plans, it was 42.2. i.e. double the size.

What is the price range of the Consonus Technologies IPO?
The Consonus Technologies IPO shares are priced in the price range or price band of $8 to $10 per share. Initial price range was $7 to $9.

How many shares will be sold through the Consonus Technologies IPO?
A total of 3 million shares will be sold through the Consonus Technologies IPO. As per the previous plans, it was supposed to be 6 million, but now that figure has been halfed.

What are the business valuations of Consonus Technologies?
Consonus Technologies, Inc. (CTI) is a leading provider of IT infrastructure, data center, and managed services solutions. Our IT infrastructure services, combined with secure and reliable data centers, allow us to provide complete solutions addressing disaster recovery, data center availability, manageability, and consolidation to our customers.
The company has 214 employees.
What are the financial results of the Consonus Technologies?
With pro forma, the company had annual revenue of more than $100 million.

The company also is planning to list shares on the Toronto Stock Exchange.
Now, Consonus is going back to the well with a smaller offering. It also has dropped an underwriter, Jesup & Lamont Securities, leaving it with Merriman Curhan Ford for its U.S. IPO and Blackmont Capital for a simultaneous Canadian IPO. Table of Contents
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