Crane set for possible IPO
Voice distributor may look to float on the stock exchange
Voice distributor Crane Telecommunications could be set to undertake an Initial Public Offering (IPO) later this year.
CRN understands that the BT, Mitel, Avaya and Nortel partner, may look to float its business on the stock exchange in 2006.
One source close to Crane said: “It has been banded around for a while that Crane is to go through an IPO.”
Keith Humphreys, managing consultant at research firm EuroLAN, said: “An IPO would give the founder his money back from his initial investment and allow geographical expansion across Europe.”
Humphreys added that Crane, which has offices in the UK and the Netherlands could use the money to grow and launch in emerging markets.
Crane declined to comment.