Calix IPO Prices At Top of its Range

Calix Networks Inc., a Petaluma, Calif.-based provider of communications access systems and software, has raised $82.3 million in its IPO. The company priced around 6.33 million shares at $13 per share (high end of $11-$13 offering range). Its initial market cap is approximately $472 million.

Calix plans to trade on the NYSE under ticker symbol CALX, while Goldman Sachs and Morgan Stanley served as co-lead underwriters.

The company reported $232 million in revenue for 2009, compared to $250 million in 2008.

Calix had raised around $220 million in VC funding from Foundation Capital (9.05% pre-IPO stake), TeleSoft Partners (8.37%), Azure Capital Partners (8.23%), Meritech Capital Partners (6.6%), Redpoint Ventures (6%), Contrarian Capital Management, Credit Suisse, Kinetic Ventures, Menlo Ventures and Integral Capital Partners. It also secured venture debt funding from Silicon Valley Bank.