Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

May 6, 2016

Acacia Communications undertakes $100M IPO

Maynard-based Acacia Communications, which makes optical and electrical technology for data transmission, will hold a $100-million initial public offering Monday.

The company that provides interconnect modules for optical networks plans to raise $99 million by offering 4.5 million shares at a price range of $21 to $23, according to Renaissance Capital, which tracks IPO activity. At the midpoint of the proposed range, Acacia Communications would have a fully diluted market value of $889 million.

Acacia Communications was founded in 2009 and booked $276 million in sales for the 12 months ended March 31, according to Renaissance, and plans to be listed on the Nasdaq under the symbol ACIA.

Sign up for Enews

WBJ Web Partners

0 Comments

Order a PDF