Bandwidth, a provider of various telecommunications services, is set to go public on Friday, according to a site that follows initial public offerings. reports that Bandwidth is set to begin trading at a price range between $20 and $22 per share.

The Raleigh-based company is looking to raise around $85 million.

Company officials are not allowed to comment on the IPO beyond information included in securities filings and its IPO prospectus, which was updated on Oct. 30.

In that filing, Bandwidth had upped its IPO target to $101 million.

Some 4 million shares will be offered.

Bandwidth shares will trade on the Nasdaq under the symbol BAND.

Bandwidth, which is led by CEO and co-founder David Morken, offers cloud-based services services such as software application program for voice and text.

The company filed to begin the IPO process last month.

Morgan Stanley, Keybanc Capital and Baird are handling the IPO along with co-managers Canaccord Genuity, and JMP Securities

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