(REUTERS) Agilent IPO prices at $30, above revised range
Agilent IPO prices at $30, above revised range
NEW YORK, Nov 17 (Reuters) - Agilent Technologies Inc.
<A.N>, a spinoff of computer maker Hewlett-Packard Co. <HWP.N>,
late Wednesday priced its initial public offering at $30 per
share, above its upwardly revised range of $26-$28 a share.
The company raised $2.16 billion with its offer of 72
million shares of common stock, the company said in a release.
Morgan Stanley Dean Witter served as the lead underwriter.
Earlier Wednesday, the Palo Alto, Calif.-based Agilent
increased the number of shares it would offer to 65 million
from 57 million, and raised its expected price range from
$19-$22 per share.
"Agilent is a very big company and it's growing very
quickly," said Tom Taulli, an analyst at Internet.com. "It's
not easy to find a company like that, especially at IPO stage."
"I think it may shoot up," Taulli said. "It will be fairly
strong because the terms and size had been raised."
Agilent provides test and measurement products for such
high-growth areas as the semiconductor and healthcare
industries. |
