Thursday, March 15, 2007

BigBand Networks Prices IPO

Redwood City-based BigBand Networks priced its IPO this morning, saying that it will offer 10,700,000 shares of its common stock at a price of $13.00 per share. The firm will trade on the Nasdaq Global market under the symbol "BBND" starting today. The IPO is being underwritten by Morgan Stanley, Merrill Lynch & Co., Jeffries & Company, Cowen and Company, and ThinkEquity Partners.