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Friday, October 27, 2006

IPO Alert: Optium (OPTM)

Optium (OPTM) priced its 5.2 million share IPO at$17.50, above the $13.50 to $15.50 range. Morgan Stanley and Credit Suisse were the lead underwriters, with Cowen and Jefferies listed as the co-managers.

The company is a technology supplier of high-performance optical subsystems that perform transmission and switching functions in long-haul, metro and access telecom and cable TV networks.

In the most recent period measured the company has become profitable with a trailing $69 million in revenues. It will now have slightly more than an implied market Cap of $500 million.

Jon C. Ogg
October 27, 2006

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