San Jose, Calif. • 408-750-9400 • www.veraznetworks.com
Exchange and Ticker: Nasdaq: VRAZ
Filing Range: 6.75 million shares @ $10.00 to $12.00
Offering Price: $8.00
Close on First Day: $7.80
Offering Size: $72.00M
Shares Outstanding: 40,105,197M
Underwriters: Credit Suisse/ Lehman Brothers
Co-managers: Jefferies & Co. Inc./ Raymond James & Associates Inc.
Company Counsel: Cooley Godward LLP
Manager Counsel: Wilson Sonsini Goodrich & Rosati
Auditor: KPMG LLP
Market Capitalization on 4/30/07: $278.73M
Close price at current month end: $6.95
Provides Internet Protocol (IP) softswitches, media gateways and digital compression products to established and emerging wireline, wireless and broadband service providers. The company’s service providers use products to transport, convert and manage voice traffic over legacy and IP networks, while enabling voice over IP, or VoIP, and other multimedia communications services. Competitors include Cisco Systems, Huawei, Sonus Networks and Tekelec. Company was formerly known as NexVerse Networks Inc.
Battery Ventures, ECI Telecom, Kleiner Perkins Caufield & Byers, Levensohn Venture Partners Nissho Iwai Corp., Norwest Venture Partners, Williams Communications Group.
Source: Thomson Financial