& cplSiteName &

CoSine Ups IPO Price Range

Light Reading
News Analysis
Light Reading

Goldman Sachs & Co. (NYSE: GS) has raised the expected price of shares for the initial public offering of CoSine Communications Inc. to $15-$17 from $13-$15. A total of 10 million shares are being offered, with the potential to raise as much as $160 million for the company. CoSine makes virtual private network (VPN) services equipment, and it is expected to debut the week of September 25th.

The increase in share price is a good sign that investors are confident in CoSine’s ability to perform, despite nearly a five-month wait since the company filed for its IPO. The long wait may have been related to a complicated S-1 filing that included all of CoSine's customers as investors, as well as the general uncertainty about market conditions during the summer (see Cosine IPO: Still On Hold).

-- Marguerite Reardon, senior editor, Light Reading, http://www.lightreading.com

(0)  | 
Comment  | 
Print  | 
Threaded  |  Newest First  |  Oldest First        ADD A COMMENT
Featured Video
Upcoming Live Events
October 22, 2019, Los Angeles, CA
November 5, 2019, London, England
November 7, 2019, London, UK
November 14, 2019, Maritim Hotel, Berlin
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events
Partner Perspectives - content from our sponsors
Sports Venues: Where 5G Brings a Truly Immersive Experience
By Peter Linder, 5G Evangelist, North America, Ericsson
Multiband Microwave Provides High Capacity & High Reliability for 5G Transport
By Don Frey, Principal Analyst, Transport & Routing, Ovum
All Partner Perspectives