Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (4481)	1/14/2000 8:55:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 24042

If anyone can get their hands on this one, more power to ya! HOT!! Friday January 14, 6:40 pm Eastern Time Avanex sets IPO at 6 mln shares, $13-$15 a share WASHINGTON, Jan 14 (Reuters) - Avanex Corp., creator and maker of photonic processors that are designed to boost the performance of optical networks, said on Friday it plans to net $76.1 million from its planned initial public offering. The company, based in Fremont, Calif., said it will sell six million shares in a projected range of $13-$15 a share, according to an amended prospectus filed with the Securities and Exchange Commission that revealed the offering details for the first time. Avanex said it would use the funds raised in the IPO for general corporate purposes including capital spending and working capital. After the offering, there will be approximately 62.5 million shares outstanding in the company, putting its initial market capitalization at about $875 million based on the middle $14 a share initial price. The processors the company makes offering communications service providers and optical systems manufacturers greater levels of performance and miniaturization, reduced complexity and increased cost-effectiveness, the company said. The underwriters, led by Morgan Stanley Dean Witter and Lehman Brothers, have been allotted 900,000 extra shares to purchase in the event of heavy demand. The company has applied to list its shares on Nasdaq under the symbol ``AVNX' (NasdaqSC:AVNX - news) once it goes public.