Cambium Networks Files IPO

Cambium Networks, which provides cloud-based wireless broadband network infrastructure solutions, filed on Wednesday with the SEC to raise up to $75 million in an initial public offering. 

The Rolling Meadows, IL-based company was founded in 2011 and booked $251 million in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol CMBM. Cambium Networks filed confidentially on May 8, 2018. J.P. Morgan and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.

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