Starent Prices High

Starent Networks Corp., a Tewksbury, Mass.-based provider of mobile multimedia infrastructure solutions, raised $126.4 million in its IPO. The company priced 10.5 million common shares at $12 per share ($9-$11 range), with a subsequent market cap of $749 million. It will trade on the Nasdaq under ticker symbol STAR, while Goldman Sachs and Lehman Brothers served as co-lead underwriters. It had 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.