Bandwidth Inc., announced the pricing of its initial public offering of 4,000,000 shares of its Class A common stock at a public offering price of $20.00 per share, before underwriting discounts. In addition, Bandwidth and certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of Class A common stock (of which the first 182,500 shares will be sold by the selling stockholders) at the initial public offering price less underwriting discounts and commissions. Bandwidth will not receive proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market under the symbol “BAND” on November 10, 2017.
Bandwidth is a software company focused on communications for the enterprise. Companies like Google, Skype, and Ring Central use Bandwidth’s APIs to easily embed voice, messaging and 9-1-1 access into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own nationwide IP voice network— one of the largest in the nation.