Acacia Communications (ACIA) Plans to Offer 4.5M Shares in IPO; Sees Pricing of $21 - $23/Share
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Acacia Communications, Inc. (Nasdaq: ACIA) filed an amended rebistration with the U.S. SEC for an IPO of its common stock. The company plans to offer 4,500,000 shares and sees pricing of $21 to $23 per share.
Acacia plans to trade on the Nasdaq under the ticker, ACIA.
Underwriters on the offering are: Goldman, Sachs & Co., BofA Merrill Lynch, Deutsche Bank Securities, Needham & Company, Cowen and Company, and Northland Capital Markets.
Acacia Communications said: Our mission is to deliver high-speed coherent optical interconnect products that transform communications networks, relied upon by cloud infrastructure operators and content and communication service providers, through improvements in performance and capacity and a reduction in associated costs. By converting optical interconnect technology to a silicon-based technology, a process we refer to as the siliconization of optical interconnect, we believe we are leading a disruption that is analogous to the computing industry’s integration of multiple functions into a microprocessor.
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