Friday, September 1, 2006

Riverbed Sets Terms Of IPO

San Francisco-based Riverbed Technology has set the terms of the firm's IPO, saying yesterday that it estimates its initial public offering price to be between $7.00 and $8.50 per share. The firm is looking to raise up to $82M in an IPO on the Nasdaq. The IPO is being underwritten by Goldman, Sachs & Co., Citigroupc Deutsche Bank Securities, and Thomas Weisel Partners. Riverbed develops wide area network (WAN) appliances for accelerating WAN data delivery speeds. The firm is backed by Accel Partners, Lightspeed Ventures, UV Partners, and Goldman Sachs. Riverbed is looking to be listed on the Nasdaq as RVBD.