Data Domain Prices Above Range

Data Domain Inc., a Santa Clara, Calif.-based provider of storage appliances for disk-based backup and network-based disaster recovery, raised $110.85 million in its IPO. It priced 7.39 million common shares at $15 per share ($11.50-$13.50 range), for an initial valuation of around $777 million. It will trade on the Nasdaq under ticker symbol DDUP, while Goldman Sachs and Morgan Stanley served as co-lead underwriters. Data Domain had raised around $41 million in VC funding since 2002, from firms like Greylock Partners (30.3% pre-IPO stake), New Enterprise Associates (28.9%), Sutter Hill Ventures (16.8%) and HRJ Capital.