Return to search

Netezza Prices High

Netezza Corp., a Framingham, Mass.-based provider of enterprise-class data warehouse appliances, raised $108 million from its IPO. The company priced 9 million common shares at $12 per share ($9-$11 range), which gives it an initial market cap of around $668 million. It will trade on the NYSE Arca under ticker symbol NTZA, while Credit Suisse and Morgan Stanley served as co-lead underwriters. Netezza had raised approximately $83 million in VC funding since its 2000 inception, from firms like Matrix Partners (20.75% pre-IPO stake), Charles River Ventures (19.59%), Battery Ventures (16.82%), Sequoia Capital (15.2%), Meritech Capital Partners (6.8%) and Orange Ventures.