Netscreen holds IPO
In one of the first significant IPOs in the communications sector in months, Netscreen Technologies went public on the Nasdaq stock market yesterday.
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Netscreen, which makes security systems and appliances, priced 10 million shares of stock at $16 each. Both the number of shares being offered and price per share were increased in the days prior to the IPO. Netscreen’s stock closed at $23.72 at the end of its first day of trading.
--Toby Weber, staff writer
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© 2012 Penton Media Inc.
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