3Par Prices Above Range

3Par Inc., a Fremont, Calif.-based provider of utility storage solutions, raised $105 million in its IPO. The company sold 7.5 million common shares at $14 per share ($11-$13 range), for an initial market cap of approximately $840 million.


It will trade on the NYSE Arca under ticker symbol PAR, while Goldman Sachs and Credit Suisse served as co-lead underwriters. 3Par had raised around $185 million in total VC funding since its 1999 inception, from firms like Mayfield, Menlo Ventures, Worldview Technology Partners, Integral Capital Partners and Van Wagoner Capital Management. www.3par.com