Scopus files IPO prospectus on Nasdaq

Scopus Video Networks develops digital video networking products that enable network operators to offer advanced video services to their subscribers.

Scopus Video Networks filed over the weekend a draft prospectus for an initial public offering (IPO) on the Nasdaq, with the intent of raising approximately $50 million, the company said in a statement. According to the prospectus, Scopus will sell up to 4.5 million shares at a price of between $10m. and $12m. per share, while the underwriters will have a 30-day option to buy a further 675,000 shares.Thomas Weisel Partners LLC will act as sole book-runner for the offering and CIBC World Markets will act as co-lead manager. Needham & Company, LLC and Oppenheimer & Co. will act as co-managers. Scopus Video Networks develops digital video networking products that enable network operators to offer advanced video services to their subscribers.