Wednesday, February 2, 2011

NeoPhotonics Debuts In IPO

San Jose-based NeoPhotonics Corporation debuted on the market Wednesday on the New York Stock Exchange as NPTN, raising $82.5M in its IPO. The firm sold 7,500,000 shares of its common stock at $11.00 per share, and was trading as high as $14.45 during trading Wednesday. NeoPhotonics' IPO was undewritten by BofA Merrill Lynch, Deutsche Bank Securities Inc., Piper Jaffray & Co., Morgan Keegan & Company, Inc. and ThinkEquity LLC. NeoPhotonics was venture backed by ATA Ventures, Draper Fisher Jurvetson, Dupont, Harris and Harris, International Finance Corporation, Masters Capital, Mitsubishi, Needham Capital Partners, Oak Investment Partners and others.