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Thursday, October 12, 2006

Optium Sets Terms for Its IPO

Optium Corporation has set its terms for its proposed IPO. It will sell 5.2 million shares at a range of $13.50 to $15.50 per share, giving the deal a proposed market cap of about $375 million.

Optium is a supplier of optical subsystems for use in telecommunications and cable TV networks.

Morgan Stanley, Credit Suisse, Cowen, and Jefferies will manage the deal. This is expected to price the week of October 23.

Optium will trade under ticker OPTM.

Jon C. Ogg
October 12, 2006
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