Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: ftmp who wrote (7)	5/18/1999 11:32:00 AM
From: William F. Wager, Jr.	Read Replies (1) of 1956

Redback Networks and Nextera Enterprises to kick off this week's new issues market Two new issues - broadband access networking systems provider Redback Networks (RBAK) and business consultant Nextera Enterprises (NXRA) - priced Monday night and will begin trading on Tuesday. Although they were the first two IPOs of the week, their pricing circumstances were vastly different. Redback Networks, a play on the high-growth DSL market, priced well above its raised range at $23 a share. Nextera Enterprises, on the other hand, priced at the low end of the range at $10 a share. from the IPO-Fund website

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