VICTORIA – Canadian equipment manufacturer and cable company owner VCom Inc., will go public soon.
In legalese, VCom has filed its “preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with the initial public offering and secondary offering of its common shares.”
VCom designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks such as the CableVista Edge Decoder and QPSK to QAM transmodulators.
Cable companies and telcos use VCom gear to deliver services to a converging worldwide broadband market, including "triple play" (voice, video and data) and "quadruple play" (voice, video, data and wireless) services.
VCom’s products are directed at three principal markets: Data over Cable, Broadband Wireless and Digital Video. The company has also developed and continues to focus on developing products to address emerging markets such as voice over Internet Protocol, fibre to the home and IP video.
It also owns a few small cable companies and a fixed wireless video provider under the Yourlink division, which serves about 9,000 customers in a number of communities in western Canada. VCom uses the cable and wireless outfits to test many of its products. In the past two years it has purchased Image Wireless of Yorkton, Sask.; Revelstoke (B.C.) Cable TV; Omineca Cablevision of Vanderhoof, Burns Lake and Fraser Lake, B.C.; Copper Valley Cablevision of Ashcroft and Cache Creek, B.C.; and Columbia Cable TV of Nakusp, B.C.
The underwriting syndicate for the offering is led by CIBC World Markets Inc., and includes National Bank Financial Inc., TD Securities Inc., Orion Securities Inc. and Raymond James Ltd.
According to the prospectus, VCom earned $10.3 million for the year ended June 30th on $63 million in revenue.
