Went Public 5/25/2000 at $23 apiece.
Filing Range: 5 mil. shares @ $19 to $21
Shares Outstanding: 60.42 mil. shares
Underwriters: Goldman, Sachs & Co.
Lehman Brothers/JP Morgan & Co. Inc./
Company Counsel: Bingham Dana & Gould
Manager Counsel: Ropes & Gray
Auditor: Arthur Andersen & Co.
Develops carrier-class voice communications equipment. Its equipment facilitates the movement of telephony from traditional circuit networks to packet networks, enabling a host of new carrier and end user services.
Charles River Ventures
North Bridge Venture Partners
Global Crossing Ventures
Williams Communications Group
Mitsubishi International Corp.
Bedrock Capital Partners
Chase Capital Partners
Bessemer Venture Partners
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 11/25/1997 4 Early Stage $7325.0
2 09/23/1998 3 Early Stage 14000.0
3 09/22/1999 11 Expansion 25426.8
4 01/03/2000 1 Expansion 2000.0
(Data in $ millions)
Total Revenues: $1.1
Net Loss: -35.9