IPO: Synacor (SYNC)

Synacor (SYNC), which enables cable/telecom service providers to offer consumers online content/services, plans to raise $75 million by offering 6,818,170 shares at a price range of $10.00 to $12.00. At the mid-point of the proposed range, Synacor will command a market value of $326.45 million. Synacor, which was founded in 1998, booked $80 million in sales over the last 12 months. The Buffalo, NY-based company plans to list on the NASDAQ under the symbol SYNC. BofA Merrill Lynch and Citi are the lead underwriters on the deal.