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Article: TeleNav Files for Initial Public Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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TeleNav, Inc. announced that its wholly owned subsidiary, TNAV Holdings, Inc., filed a registration statement on Friday, October 30, 2009 with the Securities and Exchange Commission relating to a proposed initial public offering of TeleNav's common stock. The shares in the offering will be offered by TeleNav and certain selling stockholders. The number of shares to be offered and the price range for the offering have not yet been determined.
J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. are acting as joint book-runners for the offering. Robert W. Baird & Co. Incorporated, Canaccord Adams Inc., Piper Jaffray & Co. and Pacific Crest Securities Inc. ...