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Report: Netgear announces IPO

News
Jul 31, 20031 min
MobileSmall and Medium BusinessUnified Communications

Netgear Thursday announced the pricing of its IPO of 7 million shares of common stock at $14 per share.

Netgear Thursday announced the pricing of its IPO of 7 million shares of common stock at $14 per share.

The company, which sells networking hardware for small businesses and consumers, will sell shares of its common stock on the NASDAQ under the “NTGR” ticker symbol. Lehman Brothers acted as the lead underwriter, with Merrill Lynch and USB Investment Bank acting as co-managers. Net proceeds from the offering were about $98 million.