Companies all over the country are doing their best to find the capital in order to balance monetary needs and a down economy.
And for special education software and devices for individuals who can't speak, DynaVox Inc., it's no time like the present to try and raise some collateral for its bank account.
In an initial public offering, the Pittsburg, Penn.-based company hopes to raise $150 million towards equity interests in the business from existing owners, including members of its senior management.
The company's revenue stream - around 82 percent - is mainly derived from its speech generating technology business. In addition, the company's Boardmaker products allow teachers the education capability to instruct classes using symbol-based activities and adapt text-based materials to assist children with severe learning disabilities, brain injuries or conditions including autism.
The company plans to offer about 9.4 million shares this week, which it hopes to sell for $15 to $17 each, raising $140.6 million to $159.4 million.
Kelly McGuire is a TMCnet Web editor, covering CRM and workforce technologies, and anchor of its daily TMC Newsroom video broadcast. Kelly also writes about eco-friendly "green" technologies and smart grids, compiling TMCnet's weekly e-Newsletters on those topics, as well as the cable industry. To read more of Kelly's articles, please visit her columnist page.
Edited by Kelly McGuire