CHELMSFORD, Mass., July 19, 2007 (PRIME NEWSWIRE) -- Airvana, Inc. (Nasdaq:AIRV) today announced the pricing of its initial public offering of 8,300,000 shares of common stock at a price to the public of $7.00 per share. All of the 8,300,000 shares being sold in the offering are being sold by Airvana. In addition, Airvana has granted the underwriters a 30-day option to purchase up to an additional 1,245,000 shares to cover over-allotments, if any. Airvana's common stock is expected to begin trading on the NASDAQ Global Market on Friday, July 20, 2007 under the symbol "AIRV."
Morgan Stanley & Co. Incorporated acted as the sole book-running lead manager for the offering. Lehman Brothers Inc. acted as joint-lead manager, and Deutsche Bank Securities Inc. and UBS Investment Bank acted as co-managers for the offering.
The offering is made only by means of a prospectus, copies of which may be obtained by contacting Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014; Attention: Prospectus Department or by email at prospectus@morganstanley.com.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
ABOUT AIRVANA
Airvana is a leading provider of network infrastructure products used by wireless operators to provide mobile broadband services.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
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