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Friday, October 13, 2006

Acme Packet IPO Priced Even Stronger (APKT)

Acme Packet's IPO priced at $9.50, above the $8.00 to $9.00 range that was already raised from $6.50 to $7.50 per share. Its shares will trade under the ticker "APKT."

The company is an equipment supplier that provides session border controllers that enable interactive communications such as VoIP, and the shares are marginally higher than the 11,470,000 noted.

Underwriters in the deal are Goldman Sachs, Credit Suisse, J.P.Morgan and ThinkEquity.

HERE is what we noted on Acme this week.

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