[November 05, 2009] TeleNav Files for IPO Tweet Nov 05, 2009 (Close-Up Media via COMTEX) -- TeleNav, Inc. announced that its subsidiary, TNAV Holdings, Inc., filed a registration statement on Friday, October 30, with the Securities and Exchange Commission relating to a proposed initial public offering of TeleNav's common stock. The shares in the offering will be offered by TeleNav and certain selling stockholders. The number of shares to be offered and the price range for the offering have not yet been determined. J.P. Morgan Securities and Deutsche Bank Securities are acting as joint book-runners for the offering. Robert W. Baird & Co., Canaccord Adams, Piper Jaffray & Co. and Pacific Crest Securities are acting as co-managers. TeleNav is a provider of location based services, or LBS, including voice guided navigation, on mobile phones. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]