Infinera sets IPO at 14 mln shares, $10-$12 each

WASHINGTON, May 21 (Reuters) - Infinera Corp., which has designed a digital optical communications system, on Monday set its planned initial public offering at 14 million shares for an estimated price of $10 to $12 each.

Goldman, Sachs & Co., Citi, JPMorgan, Lehman Brothers and Thomas Weisel Partners LLC are underwriting the IPO and have the option to buy an additional 2.1 million shares to cover overallotments.

Infinera expects to receive about $139 million in net proceeds from the IPO, according to an amended filing with the U.S. Securities and Exchange Commission.