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Starent Networks Files for IPO

Starent Networks Corp., a Tewksbury, Mass.-based provider of mobile multimedia infrastructure solutions, has filed for a $115 million IPO. It plans to trade on the Nasdaq under ticker symbol STAR, with Goldman Sachs and Lehman Brothers serving as co-lead underwriters. It has raised around $95 million in total VC funding since its 2000 inception, from firms like Matrix Partners (20.1% pre-IPO stake), North Bridge Venture Partners (20.1%), Highland Capital Partners (18.4%), Focus Ventures (6%) and the T-Mobile Venture Fund.