Avaya set for NYSE listing on 17 January

New York Stock Exchange listing comes after Avaya exited Chapter 11 last month

Avaya is set to list on the New York Stock Exchange on 17 January, after exiting Chapter 11 last month.

The stock exchange listing draws to a close a period of uncertainty for Avaya which saw it implement a restructure of its business and also offload its networking business to Avaya.

Ioan MacRae, Avaya's UK managing director, told CRN: "We're taking the steps necessary to list on the New York Stock Exchange and this will mark the next big step for Avaya.

"Our emergence from Chapter 11 puts us in much stronger financial standing and this, combined with our new board and leadership team, means we are well positioned to execute on our growth plan."

Avaya entered Chapter 11 bankruptcy protection in January last year, owing millions to its channel partners.

The vendor has since undergone a year of restructuring, including the sale of its network unit to Extreme Networks, which completed in June.

On announcing the Chapter 11 exit, UK boss MacRae lashed out at Avaya's competitors for exaggerating Avaya's plight to benefit their own sales.