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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/17/2001 1:58:05 PM
From: Softechie   of 37746
 
Tellium 9 mln share IPO priced at $15/shr

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OCEANPORT, N.J., May 17 (Reuters) - U.S. optical switches
maker Tellium Inc. said its initial public offering of
9 million shares on Thursday was priced at $15 a share.
Tellium is scheduled to start trading on Thursday on the
Nasdaq market.
The shares are being offered by an underwriting group
managed by Morgan Stanley and Thomas Weisel Partners LLC. It is
co-managed by UBS Warburg, CIBC World Markets and Wit
SoundView.
Tellium has granted the underwriters an option to
purchase another 1.35 million shares to cover
overallotments.
859-1700))
REUTERS
Rtr 09:58 05-17-01
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