Clearinghouse vendor NeuStar Inc. hopes to raise up to $690 million in an initial public offering, according to documents filed with the Securities and Exchange Commission. The company filed for the ticker symbol NSTR.
NeuStar manages telephone area codes and numbers and enables the routing of calls among thousands of competing communications service providers including Verizon Communications Inc., Sprint Corp., AT&T Corp. and Cingular Wireless L.L.C. The company also manages the directories for the .us and .biz Internet domains, as well as text messaging transmissions among mobile-phone users.
The company said it sees significant chances for expansion through the shift from circuit-switched communications to Internet Protocol and third-generation wireless technology.
NeuStar scored revenues of $165 million in 2004 and a net income of $35.6 million, up from the $112 million in revenues and $14.4 million in net income in the previous year.
The company’s lead underwriters include Morgan Stanley, Credit Suisse First Boston and JPMorgan.
