SoundBite Prices IPO

SoundBite Communications Inc., a Burlington, Mass.-based provider of on-demand automated voice messaging solutions, has raised around $42.6 million in its IPO. The company priced 5.2 million common shares at $8 per share, compared to its original plan to sell six million common shares at between $12 and $14 per share.


Soundbite plans to trade on the Nasdaq under ticker symbol SDBT, while Cowen & Co. and Thomas Weisel Partners served as co-lead underwriters.  The company has raised around $30.4 million in VC funding since 2000, from firms like North Bridge Venture Partners, Mosaic Venture Partners, Commonwealth Venture Capital and Venture Capital Fund of New England.