News

Deal Announcements

Infinera IPO Soars On First Trading Day

Friday, June 08, 2007 5:00:00 AM PDT | VentureDeal Staff

SUNNYVALE, CA -- Chip maker Infinera (Nasdaq:INFN) opened for trading on Thursday to close at $19.70, a 52% premium to its opening price of $13 a share.  The company raised $182 million in the offering, before fees.

Infinera makes a large scale photonic integrated circuit that it claims can send and receive information at 100 gigabits per second. 

The company's venture investors were advanced Equities Investments and Kleiner Perkins Caufield & Byers.  The company said it may repay part of its existing credit facility with the net proceeds.

Email Page  Email Page | Print Page Print Page

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.