Opnext Sets IPO Terms

Opnext Inc., an Eatontown, N.J.-based optical components maker, has set its proposed IPO terms to around 16.91 million common shares being offered at between $13 and $15 per share. It plans to trade on the Nasdaq under ticker symbol OPXT, with Goldman Sachs serving as lead underwriter. Hitachi is the company's primary shareholder, while others include Clarity Partners and Cross-Atlantic Capital Partners. www.opnext.com