Edutainment: Boxlight sets terms for $20 million IPO

Renaissance Capital Report

Boxlight, which manufactures interactive projectors and other classroom materials, announced terms for its IPO on Thursday.
The Lawrenceville, GA-based company plans to raise $20 million by offering 2.2 million shares at a price range of $8 to $10. At the midpoint of the proposed range, Boxlight would command a fully diluted market value of $68 million. 
 
Boxlight, which was founded in 2001 and booked $31 million in sales for the 12 months ended June 30, 2015, plans to list on the Nasdaq under the symbol BOXL. Aegis Capital Corp. is the sole bookrunner on the deal. It has not disclosed a pricing date.

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