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CommScope plans to become publicly held again

U.S.-based CommScope plans to raise as much as $800 million through an initial public offering that would value the company as much as $3.9 billion, the price at which it was taken private in 2011 by Carlyle Group LP.

Multiple wire reports said that, per its filings, CommScope plans to offer 38.5 million shares. Caryle will have a 75% stake in CommScope after the offering if the underwriters exercise their option to purchase additional shares. Share prices were projected to raise as much as $800 million. The company raised about $750 million through an IPO in August.

CommScope, a key supplier of cables and related technology for high-speed data networks, traces its roots back to Superior Cable Corp, a telephone cable company that was created in 1953. It changed ownership several times until it went public in 1997.

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