Report: Xtera Preps IPO
8:25 AM -- Optical vendor Xtera Communications Inc. (Nasdaq: XCOM) is planning an IPO that would raise around $100 million, according to the Dallas Business Journal.
Documents have not yet been filed with the Securities and Exchange Commission (SEC) , but that's expected to happen during the next couple of months, according to the report.
Xtera has raised about $215 million in five rounds of financing, the most recent being a $52 million round in August 2007. (See Xtera Gets Funds.)
In April 2008 it acquired metro optical vendor Meriton, adding to its long-haul and subsea system portfolio. (See Meriton Lands in Xtera's Hands.)
— Ray Le Maistre, International News Editor, Light Reading