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SlideshowA10 IPO Sputters Off the Ground

A10 Networks founder and CEO Lee Chen rings the opening bell on the New York Stock Exchange. Given the stock's tepid performance on the first day of trading, he should have just tapped the bell gently.
A10 Networks founder and CEO Lee Chen rings the opening bell on the New York Stock Exchange. Given the stock's tepid performance on the first day of trading, he should have just tapped the bell gently.

schlettie 3/21/2014 | 5:15:53 PM
Congrats A10's bankers priced the shares fairly for their investors and didn't low-ball them to benefit the bankers' cronies.
Mitch Wagner 3/21/2014 | 5:20:52 PM
Closing price Closing price: $16.21. I'll declare anything above the IPO price to be a victory, and call it a weekend. But I'm no IPO expert -- what do you think?
Mitch Wagner 3/21/2014 | 5:46:52 PM
Re: Congrats That's the way I read it too -- early investors get paid back, with a little something for people who bought the IPO stock. A good day. But I'm no expert. 
DOShea 3/21/2014 | 9:20:56 PM
The market The ADC market is really interesting right now with a lot of companies jockeying for bigger shares with Cisco backing out. Long-term, how they use this money and higher profile to gain some advantage in that market will be very telling.
danielcawrey 3/23/2014 | 3:55:38 PM
Re: Congrats I think that the comment from the CEO isn't diplomatic. The purpose of the leader of the company is to build that long term value.

These guys have to think ahead, often further out than the time that they will hold the postion in order to best prepare a company for the future. 
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