Broadband internet service provider Elauwit Connection submitted an IPO application to the US stock market, aiming to raise $15 million
Elauwit Connection is a company that provides broadband internet services for the multifamily and student housing industry. The company submitted an IPO application to the U.S. Securities and Exchange Commission last Friday, planning to raise up to $15 million. The company plans to issue 1.5 million shares at a price of $9 to $11 per share, raising $15 million. Based on the midpoint of the proposed range, the company's market capitalization will reach $65 million. Elauwit Connection is a provider of broadband internet networks for the multifamily and student housing industry, offering management services and network-as-a-service solutions aimed at providing residents with a modernized and enhanced internet connectivity experience. Founded in 2019 and headquartered in Columbia, South Carolina, the company reported revenue of $17 million for the 12 months ending June 30, 2025. The company plans to list on NASDAQ under the ticker symbol ELWT. Craig-Hallum Capital Group is the sole bookrunner for the offering
According to the Zhitong Finance APP, Elauwit Connection is a company that provides broadband internet services for the multi-family and student housing industry. The company submitted an IPO application to the U.S. Securities and Exchange Commission last Friday, planning to raise up to $15 million.
The company plans to issue 1.5 million shares at a price of $9 to $11 per share, raising $15 million. Based on the midpoint of the proposed range, the company's market value will reach $65 million.
Elauwit Connection is a provider of broadband internet networks for the multi-family and student housing industry, offering management services and network-as-a-service solutions aimed at providing residents with a modernized and enhanced internet connectivity experience.
Founded in 2019 and headquartered in Columbia, South Carolina, the company reported revenue of $17 million for the 12 months ending June 30, 2025. The company plans to list on NASDAQ under the ticker symbol ELWT. Craig-Hallum Capital Group is the sole bookrunner for the transaction
