Comverge Prices IPO Above Range

Comverge Inc., an East Hanover, N.J.-based provider of hardware and software to utilities, priced 5.3 million common shares at $18 per share, for an IPO take of approximately $95.4 million. It originally filed to price around 4.89 million common shares at between $15 and $17 per share. Cavium will trade on the Nasdaq under ticker symbol COMV, while Citigroup serving as lead underwriter. The company had raised nearly $40 million in VC funding from firms like Nth Power, EnerTech Capital Partners, Rockport Capital Partners, Norsk Hydro Ventures, Ridgewood Capital, Easton Hunt, Data Systems & Software Inc., Air Products & Chemicals Inc. and Partners for Growth.