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Thursday, September 21, 2006

Riverbed Technology Exceeds IPO Terms

Riverbed Technology priced its IPO 8.8 million share IPO at $9.75, and that is higher than the 8.4 million shares indicated and higher than the $7.00 to $8.50 indicated range.

Riverbed develops high performance appliances to optmize wide area networks. Goldman Sachs acted as the lead underwriter; and co-managers were listed as Citigroup, Deutsche bank, and Thomas Weisel.

This IPO had actually been in the underwriting hoppen since April, but recent demand for tech and networking stocks helped demand come in higher than originally indicated.
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