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Intermedia Announces Launch of Initial Public Offering

Intermedia Cloud Communications, Inc. (Intermedia) announced that it has launched the roadshow for the initial public offering of 12,244,898 shares of its common stock. The offering consists of 10,204,082 shares offered by Intermedia and 2,040,816 shares to be sold by Intermedia’s sole shareholder.  The underwriters will have a 30-day option to buy an additional 1,836,734 shares of Intermedia’s common stock from the selling shareholder at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $23.00 and $26.00 per share. The shares are expected to trade on the Nasdaq Global Select Market under the symbol “INTM.”

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Morgan Stanley and J.P. Morgan are acting as lead book-running managers for the proposed offering. Credit Suisse, Evercore ISI and Jefferies are acting as joint book-running managers for the proposed offering, and William Blair, KeyBanc Capital Markets, TD Securities, Stephens Inc. and Loop Capital Markets are acting as co-managers for the proposed offering.

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A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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