Data center network optimizer Arista Networks files for a $200 million IPO
Arista Networks, which sells 10 Gigabit Ethernet switches for cloud-computing data centers, filed on Monday with the SEC to raise up to $200 million in an initial public offering. The Santa Clara, CA-based company, which was founded in 2004 and booked $361 million in sales for the year ended December 31, 2013, plans to list on the NYSE under the symbol ANET. Arista Networks initially filed confidentially on January 31, 2014. Morgan Stanley, Citi, BofA Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.