NEW YORK, June 27 (Reuters) - Disaster recovery and backup hardware company Data Domain said on Wednesday that it had raised $110.85 million in an initial public offering that priced above a forecast range.
The offering of 7.39 million shares sold for $15 each, compared with a forecast range of $11.50 to $13.50, according to a press release from the company.
Underwriters, led by Goldman Sachs and Morgan Stanley, have the option to purchase an additional 1.1 million shares to cover overallotments.
Santa Clara, California-based Data Domain has applied to list on Nasdaq under the stock symbol "DDUP." DDUP.O
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