Tuesday, March 2, 2010

Force10 Files For IPO

San Jose-based Force 10 Networks filed for an IPO Tuesday, saying it is looking to raise up to $143.75M on the NYSE. The firm said it hopes to trade under the symbol FTEN. The IPO is being underwritten by J.P. Morgan, Deutsche Bank Securities, Barclays Capital, Baird, Cowen and Company, RBC Capital Markets, and Pacific Crest Securities. Force10 is venture backed by Advanced Equities, New Enterprise Associates, DCM, USVP, and Meritech Capital Partners. Force10 is a maker of switches and routers for the networking market.