/ Source: The Associated Press
Synchronoss Technologies Inc. will sell 3.8 million shares of its stock, the company said Friday.
Synchronoss provides subscriber activation and other services for wireless companies. The underwriters of the offering will have the option to buy about 639,000 additional shares in the case of strong demand. The company has not determined the price of the shares. Synchronoss said some of its investors will sell another 483,000 shares. The company won't receive any money from that sale.
Credit Suisse, Deutsche Bank Securities and Goldman Sachs are joint book-running managers for the offering, the company said.