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Hickory-based CommScope expected to go public next week

Less than three years after going private, cablemaker CommScope Holding is close to going public again.

The Hickory-based company, which signaled plans to go public in August, is expected to debut next week on the Nasdaq stock exchange under the ticker symbol “COMM,” IPO tracker Renaissance Capital said on Friday.

In a securities filing this month, CommScope said it planned to sell up to 44.2 million shares at a price between $18 and $21, raising more than $900 million if the shares price at the high end.

The Carlyle Group, the Washington-based private equity group, acquired the then-publicly traded CommScope in January 2011 in a deal valued at $3.9 billion. After going public again, Carlyle will continue to own at least 75 percent of the company’s shares, according to a prospectus for the offering.

A CommScope spokesman declined to comment.

CommScope provides cables for wireless infrastructure, data centers and video and high-speed data networks. In the 12 months that ended June 30, the company had $33.8 million in profits on sales of $3.5 billion.

CommScope is led by Eddie Edwards, who became CEO after the Carlyle acquisition. He received total compensation of $3.3 million in 2012, according to the prospectus.

Rothacker: 704-358-5170; Twitter: @rickrothacker
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