Opnext Prices at High End

Opnext Inc., an Eatontown, N.J.-based optical components maker, priced around 16.91 million common shares at $15 per share ($13-$15 range), for an IPO take of approximately $254 million. It will trade on the Nasdaq under ticker symbol OPXT, while Goldman Sachs served as lead underwriter. Hitachi was listed as the company's primary shareholder, while others include Clarity Partners and Cross-Atlantic Capital Partners. The IPO gives Opnext an initial market cap of around $930 million. www.opnext.com