Wednesday, April 4, 2007

UPDATE 1-Veraz Networks IPO raises $72 mln, below range

(Reuters) - The offering of 9 million shares sold for $8 per share, which compared with a $10 to $12 forecast range, according to an underwriter.The company sold 6.75 million shares, and existing stockholders sold 2.25 million.

The offering of a 23 percent stake valued Veraz overall at $316 million.


Read more at Reuters.com New Issues News

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