(BSNS WIRE) Luminent Inc. Announces Pricing of Initial Public Offering
Business Editors & High-Tech Writers
CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 9, 2000--Luminent Inc.
today announced that its initial public offering of 12 million shares
of common stock was priced at $12 per share.
All of the shares are being offered by Luminent. Luminent's shares
are expected to begin trading tomorrow on the Nasdaq National Market
under the symbol "LMNE."
Luminent designs, manufactures and sells a comprehensive line of
fiber optic components that enable communications equipment
manufacturers to provide optical networking equipment for the rapidly
growing metropolitan and access segments of the communications
network. Luminent is a subsidiary of MRV Communications Inc.
(Nasdaq:MRVC).
Credit Suisse First Boston has lead managed the underwriting
group, with CIBC World Markets, Robertson Stephens, U.S. Bancorp Piper
Jaffray and First Security Van Kasper serving as the co-managers. The
underwriters have a 30-day option to purchase up to 1,800,000
additional shares of common stock from Luminent to cover
over-allotments, if any.
This press release is neither an offer to sell nor solicitation of
an offer to buy, nor shall there be any sale of these securities in
any state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
such state. Offers may be made only by means of a prospectus.
A registration statement relating to these securities was filed
with and declared effective by the Securities and Exchange Commission.
Copies of the prospectus may be obtained from Credit Suisse First
Boston 11 Madison Ave., New York, N.Y. 10010-3629, 212/325-2000.
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CONTACT: Luminent Inc., Chatsworth
Diana Hayden, 818/886-6782
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: MANUFACTURING COMPUTERS/ELECTRONICS
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