Mass. networking tech firm lowers planned IPO target
The company, which offers networking technology for increasing computing bandwidth, plans to trade on the Nasdaq Global Market under the symbol “ACIA."
About 4.5 million shares will be offered between $21 and $23 per share, with 35.66 million shares outstanding, according to Monday regulatory filing with the Securities and Exchange Commission. Acacia would have an initial market capitalization of between $748 million and $820 million.