Monday, March 19, 2007

Veraz Networks Sets Terms

San Jose-based Veraz Networks set terms of the firm's upcoming IPO on the Nasdaq Global Market late Friday, saying that it is offering 9,000,000 shares of its common stock at between $10.00 and $12.00 per share under the symbol VRAZ. Veraz is a provider of Voice-over-IP softswitches, media gateways and digital compression products. The IPO is being underwritten by Credit Suisse, Lehman Brothers, Jeffries & Company, and Raymond James.