Infinera Corp. IPO raises $182 million, above range
NEW YORK, June 6
NEW YORK, June 6 (Reuters) - Infinera Corp., which has built a new class of all-optical computer chips using light rather than electronics to transmit data, on Wednesday raised $182 million in an initial public offering that priced above a forecast range.
The 14-million-share offering priced at $13 per share compared with a forecast range of $10 to $12, according to an underwriter.
Underwriters, led by Goldman Sachs, have the option to purchase an additional 2.1 million shares to cover overallotments.
Infinera, which builds its chips for equipment used to run massive telecommunications networks, plans to list its shares on Nasdaq under the symbol "INFN." (INFN.O)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.