Acacia (ACIA) IPO Prices at $23, High End of Range

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Acacia Communications (ACIA) IPO Opens Up 26%

May 13, 2016 10:59 AM EDT

Today's IPO for Acacia Communications (NASDAQ: ACIA) opened for trading at $29 after pricing 4,500,000 shares of its common stock at a price of $23.00 per share, the high end of the expected $21-$23 range.

Acacia Communications intends to use proceeds from the offering for working capital and... More