An IPO for the long-haul (data network): Acacia Communications files for a $125 million IPO
Acacia Communications, which provides low-power, high-speed interconnect modules for optical networks, filed on Monday with the SEC to raise up to $125 million in an initial public offering.
The Maynard, MA-based company, which was founded in 2009 and booked $212 million in sales for the 12 months ended September 30, 2015, plans to list on the Nasdaq under the symbol ACIA. Acacia Communications filed confidentially on August 27, 2015. Goldman Sachs, BofA Merrill Lynch and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
The article An IPO for the long-haul (data network): Acacia Communications files for a $125 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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