ANDA Files for IPO

ANDA Networks Inc., a provider of technologies to telecommunication companies, has filed its initial public offering plans with U.S. regulators. The Sunnyvale, California-based company will seek to raise up to $86.25 million through the offering. The company intends to list its common shares on the Nasdaq under the symbol “ANDA.”  It did not reveal how many shares are planned for sale or the expected price.