Xtera Communications (XCOM) Files $60M Common Stock IPO

Xtera Communications, Inc. (Nasdaq: XCOM) filed for an IPO of its Common Stock with a proposed maximum offering price of $60 million. The company plans to trade on the Nasdaq Global Market under the symbol, "XCOM."

Underwriters on the offering are Needham & Company, Cowen and Company, and BMO Capital Markets.

Xtera Communications is a leading provider of high-capacity, cost-effective optical transport solutions, supporting the high growth in global demand for bandwidth.

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