Centurion Files For IPO
Centurion Wireless Technologies (Lincoln, NE), manufacturer of batteries for cellular phones, wireless Internet access devices and laptop computers, has filed to sell shares to the public. The company said in a filing to the US Securities and Exchange Commission that it is looking to raise $80.5 million in an initial public offering of common stock. It plans to use the proceeds to redeem preferred stock, pay dividends, fund research and development, expand plants and equipment, and finance potential acquisitions or alliances, among other corporate purposes.The offering will be handled by Banc of America Securities, with help from Chase H&Q, US Bancorp Piper Jaffray and C.E. Unterberg Towbin.