Infinera Sets IPO Terms

Infinera Inc., a Sunnyvale, Calif.-based provider of digital optical networking systems, has set its proposed IPO terms to 14 million common shares being offered at between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol INFN, with Goldman Sachs serving as lead underwriter. The company has 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.