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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: Glenn Petersen who wrote (945)6/26/2000 8:50:00 PM
From: RockyBalboa  Read Replies (1) of 954
 
Stratos prices:

biz.yahoo.com

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METHA
43 15/16
+11/16

delayed 20 mins - disclaimer


Monday June 26, 7:20 pm Eastern Time
IPO PRICING-Stratos Lightwave prices $21/shr above range
NEW YORK, June 26 (Reuters) - Stratos Lightwave Inc. (Nasdaq:STLW - news), raised $183.75 million when it sold 8.75 million shares at $21 each, in its initial public offering on Monday.

The company, a unit of Methode Electronics Inc. (NasdaqNM:METHA - news), sold the shares above the expected pricing range of $16 to $18, said lead underwriter Lehman Brothers.

Chicago-based Stratos makes optical subsystems for high data rate networking, data storage and telecommunications applications that convert electronic signals into optical signals and back.

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and News: Nasdaq:STLW - news
Methode Electronics Inc (NasdaqNM:METHA - news)

Related News Categories: IPOs, US Market News

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