Mavenir PLC /zigman2/quotes/222203331/composite MVNR 0.00% has set terms for its initial public offering, as the Texas-based mobile networking company looks to raise up to $327.3 million. The company is offering 13.64 million shares in the IPO, which is expected to price between $20 and $24 a share. With 15.52 million Class A shares and 62.81 million Class B shares outstanding after the IPO, the pricing could value the company at up to $1.88 billion. The stock is expected to list on the Nasdaq exchange under the ticker symbol "MVNR." Morgan Stanley, Goldman Sachs, J.P. Morgan and BofA Securities are the lead underwriters. For the three months ended July 31, the company recorded net income of $2.6 million on revenue of $129.9 million, after net income of $843,000 on revenue of $109.6 million in the year-ago period. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +3.52% has rallied 27.0% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.24% has gained 5.7%.