Synacor (SYNC) Cuts IPO Range from $10-$12 to $5-$6/Share

Synacor (Nasdaq: SYNC) filed an amended registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. Synacor plans to sell 6,818,170 shares and sees an IPO price of $5-6 per share, down rather sharply from a previously-expected range of $10-$12 per share. Synacor plans to list on the Nasdaq Global Market under the ticker "SYNC."

The offering is being made through BofA Merrill Lynch, Citigroup, Stifel Nicolaus Weisel, BMO Capital Markets, Needham & Company, LLC, and Oppenheimer & Co.

Synacor is a provider of authentication and aggregation solutions for delivery of online content and services.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Crypto stocks surge as Bitcoin short squeeze hits record $2.7B
• Motorola Solutions buys counter-drone firm D-Fend for $1.5B
• LivePerson adjourns stockholder vote on SoundHound AI merger to Sept. 2