Synacor (SYNC) IPO Opens Higher

The IPO for Synacor Inc, (Nasdaq: SYNC) is open for trading. Shares are trading at $6.12 after pricing 6,818,170 shares at $5.

The lead book-running managers of the offering are BofA Merrill Lynch and Citigroup Global Markets, Inc. Stifel Nicolaus Weisel, BMO Capital Markets, Needham & Company, LLC and Oppenheimer & Co. are acting as co-managers for this offering.

Synacor is a leading provider of authentication and aggregation solutions for delivery of online content and services. Synacor delivers its solutions as a set of services through its hosted and managed platform, enabling cable and telecom service providers and consumer electronics manufacturers to provide the online content and services that their consumers increasingly demand. Synacor's platform allows its customers to package a wide array of online content and services with their high-speed Internet, communications, television and other offerings. Synacor's customers offer its services under their own brands on Internet-enabled devices such as PCs, tablets, smartphones and connected TVs. Synacor is headquartered in Buffalo, NY.

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