Riverbed Technology sets IPO terms

Riverbed Technology, a company that provides products and services for wide area networks computing has set the price for its pending initial public offering.

The San Francisco company filed for an IPO in April to sell up to $74.75 million in common stock, and now plans to sell 8.4 million common shares with an estimated price range of $7 to $8.50 a share

Prior to the offering, Accel Partners owns 23.8%, Lightspeed Venture Partners holds 23.3%, UV Partners owns 11.3%, and Goldman Sachs Group Inc. owns 5.3%. San Francisco-based Riverbed raised $37 million to date from investors including the above four mentioned. (Source: VentureWire)

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