NeoPhotonics (NPTN) IPO Surges Higher
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The IPO for NeoPhotonics (Nasdaq: NPTN) is open for trading. Shares are trading at $13.90 after pricing 7.5 million shares at $11, the high end of the expected $9-$11 range.
BofA/Merrill Lynch and Deutsche Bank led the offering.
NeoPhotonics is a leading designer and manufacturer of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks.
Common stock to be outstanding after this offering is 22,974,619 shares shares.
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BofA/Merrill Lynch and Deutsche Bank led the offering.
NeoPhotonics is a leading designer and manufacturer of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks.
Common stock to be outstanding after this offering is 22,974,619 shares shares.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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