Voltaire Prices IPO

Voltaire Ltd., an Israeli developer of interconnect solutions for grid computing, raised $46 million via its IPO. The company priced 5.77 million common shares at $9 per share ($12-$14 range), which gave it an initial market cap of approximately $184 million. It will trade on the Nasdaq under ticker symbol VOLT, while J.P. Morgan and Merrill Lynch served as co-lead underwriters. Voltaire raised around $67 million in VC funding, from firms like Baker Capital, Challenge Fund