Oceanport, N.J.
Went public 05/17/01 at $15 per share
Filing Range: 9.0 million shares at $13 to $15
Offering Size: $135 million
Post Offering Valuation: $1.6 billion
Shares Outstanding: 08.8 million shares
Underwriters: Morgan Stanley/Thomas Weisel Partners/UBS Warburg/CIBC World Markets/Wit Soundview Group Inc.
Company Counsel: Fried Frank Harris Shriver & Jacobson
Manager Counsel: Wilson Sonsini Goodrich & Rosati
Auditor: Deloitte & Touche LLP
The Company:
Develops, manufactures and markets telecommunications network equipment. The company develops networks based on WDM (Wavelength Division Multiplexing) technology that increases capacity of a fiber optic network.
Venture Backers:
Thomas Weisel Partners
Oak Investment Partners
Cisco Systems Inc.
Pequot Capital Management Inc.
Blue Rock Capital
Accel Partners
Worldview Technology Partners
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 05/08/1997 8 Early Stage 21599.9
2 05/20/1998 2 Expansion 1000.0
3 02/11/1999 9 Later Stage 23300.0
4 11/30/1999 10 Later Stage 50000.0
Financials:
(Data in $ million except EPS)
Y/E
12/31/2000
Total Revenues: $15.6
Net Income: (110.3)
EPS: $(13.96)