Infinera Prices High

Infinera Inc., a Sunnyvale, Calif.-based provider of digital optical networking systems, raised $128 million in its IPO. The company priced 14 million common shares at $13 per share ($10-$12 range), which gave it a market cap of approximately $1 billion. Infinera will trade on the Nasdaq under ticker symbol INFN, while Goldman Sachs servedas lead underwriter. It had raised over $336 million in total VC funding since its 2000 inception, from firms like Advanced Equities (9.3% pre-IPO stake), Kleiner Perkins Caufield & Byers (9.3%), Mobius Venture Capital (7.8%), RWI Ventures (5%), Benchmark Capital, Applied Materials Ventures, Cypress Semiconductor, Sprout Group, Venrock Associates, Worldview Technology Partners, Siebel Systems and Sutter Hill Ventures.