Infinera, optical networking co., sets IPO terms

May 21, 2007 | Matt Marshall

Infinera, the Sunnyvale, Calif.-based provider of optical networking systems, has set its proposed IPO terms, at 14 million common shares being offered at between $10 and $12 per share.

We’ve written about this company several times before, including most recently when it first filed for its IPO. It is still losing money.

Since 2000, this company has raised more than $336 million from firms like Advanced Equities (owning 9.3 percent pre-IPO), Kleiner Perkins Caufield & Byers (9.3 percent), Mobius Venture Capital (7.8 percent), RWI Ventures (five percent), Benchmark Capital, Applied Materials Ventures, Cypress Semiconductor, Sprout Group, Venrock Associates, Worldview Technology Partners, Siebel Systems and Sutter Hill Ventures.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.