IPO Action: Mavenir, Numericable
The week has ended with a flurry of communications-related IPO action -- and we're not even talking about the Twitter bubble!
The Service Provider Information Technology (SPIT) vendor priced its shares at $10 and saw the stock open at $11.25. However, it closed the day at $9.55.
Meanwhile, French cable operator Numericable-SFR , which revealed its listing intentions in September, saw its share price soar by nearly 9.5 percent to €27.15 on the Paris stock exchange Friday morning. For more details, see this Bloomberg story. (See Numericable Preps IPO.)
— Ray Le Maistre, Editor-in-Chief, Light Reading