June 5 Arista Networks Inc shares have
been priced at $43 each, the Wall Street Journal said, citing
sources, valuing the network switch maker at about $2.75
Arista's IPO raised about $226 million, after its offering
of 5.25 million shares was priced well above its expected price
range of $36-$40.
The company, which competes with Cisco Systems Inc,
makes network switches that handle traffic at large internet
data centers for companies including Microsoft Corp,
VMWare Inc, Facebook Inc, Yahoo Inc,
Comcast Corp and Citigroup Inc.
Arista's shares are expected to start trading on the New
York Stock Exchange on Friday under the symbol "ANET".
Morgan Stanley and Citigroup are the lead underwriters for
(Reporting by Avik Das in Bangalore)