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Voltaire going public

This is HPC financial news, not tech news, so I waited for the weekend to publish it. But Israel-based InfiniBand hardware maker Voltaire has filed its registration statement with the US Securities and Exchange Commission indicating that it plans an initial public offering. The company has applied to trade on the NASDAQ under the very cool symbol, VOLT.

Voltaire logoVoltaire is offering 5,770,000 shares and the selling shareholders are offering 1,923,000 ordinary shares. In addition, Voltaire and the selling shareholders have granted the underwriters a 30-day option to purchase an additional 865,462 ordinary shares from Voltaire and 288,488 ordinary shares from the selling shareholders, respectively, solely to cover overallotments.

According to the AP

In a regulatory filing with the Securities and Exchange Commission Tuesday, Voltaire said it anticipates the shares will price between $12 and $14 per share. Based on an offering price of $13, the value of the deal would total $100 million.

Also assuming an offering price of $13 per share, Voltaire expects to raise $67.5 million from its portion of the IPO, after expenses.

Trackbacks

  1. […] You may recall that we reported a few weeks ago that Voltaire was planning an IPO, and that they thought the step might be worth as much as $100M US. […]

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