Infinera, optical networking company, sees strong IPO debut
Sunnyvale’s Infinera, the optical networking company, saw its initial public offering skyrocket today, its stock price jumping to $19.70, from a pricing of $13.
That’s more than a 50 percent increase.
This gives it a market value of about $1 billion. Not bad for a company that has seen its losses mount.
The company had raised over $336 million in total funding since 2000, and so this is a bit win for major shareholders, which include Advanced Equities,… Continue Reading
Infinera, optical networking co., sets IPO terms
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… Continue Reading
Infinera, optical networking company, files for IPO, at long last
Infinera, the Sunnyvale, Calif. fiber-optic equipment company that says its technology is superior to existing offerings, has filed to go public, submitting its registration with the Securities and Exchange Commission to raise about $150 million.
It isn’t profitable, but sales are showing momentum.
It brought in $44.3 million during the quarter ended Dec. 31, compared to just $4.1 million for all of 2005. The company had losses of $89.1 million for last year.
There’s a good summary of… Continue Reading
PayPal’s “other” story, and Wikio, Infinera, Zoho, Omnidrive & more
Roundup of the latest action in Silicon Valley & tech:
PayPal’s origin explored, one more time — Online payments company Paypal has spawned more Internet entrepreneurs from its founding team than any other company we know. Yet PayPal had a rushed and tumultuous birth; if you’re curious about yet another version of PayPal history, this is worth a read: Co-founder Elon Musk (pictured here) rejects the version that suggests he was a lesser player.
Wikio, which looks remarkably… Continue Reading
Despite interest in clean-tech generally, ethanol co. Hawkeye withdraws IPO
Hawkeye Holdings Inc., an Iowa Falls, Iowa-based ethanol manufacturer, has withdrawn its initial public offering, a few months after delaying it because of unfavorable market conditions.
Peanut Butter redux, expensive Sonsini, Hoffman burned, Infinera & much more
(Updated) roundup of the high-stakes game going on in Silicon Valley:
Brad Garlinghouse’s Peanut Butter memo — The Yahoo executive complained about the company’s “proclivity to repeatedly hire leaders from outside.” This is noteworthy, because he himself was hired from the outside. Before Yahoo, he’d served as chief executive at DialPad, and drove that company into the ground. We reached out to Brad Monday night, and hope to get comment soon.
Larry Sonsini can’t be at fault — Fortune… Continue Reading