NEW BRUNSWICK, N.J. -- Arbinet-thexchange, Inc. (Nasdaq: ARBX - News) announced today that its initial public offering of 6,535,405 shares of common stock, 4,233,849 shares of which are being sold by Arbinet and 2,301,556 shares of which are being sold by certain stockholders of Arbinet, has been priced at $17.50 per share. Certain stockholders of Arbinet have also granted the underwriters a 30-day option to purchase up to 980,310 additional shares to cover over-allotments, if any.
The underwriters for the offering are led by Merrill Lynch & Co., acting as sole book-running manager, Lehman Brothers acting as the joint lead manager, with SG Cowen & Co., William Blair & Company and Advanced Equities, Inc., acting as co-managers.
A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.