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| Oplink's market value
almost jumps double after its
IPO. |
|
10/04/2000 |
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Oplink Communications, Inc. (Nasdaq:
OPLK) announced the pricing of
its initial public offering of
13,700,000 shares of its common
stock at a price of $18.00 per
share. Price ended the day at
$33-5/8, up $15-5/8 from their
IPO price. The price hit a high
of $36 during the session.
Oplink is a provider of fiber
optic components and integrated
optical modules that increase
the performance of optical
networks. Its customers include
Cisco, JDS Uniphase and Lucent.
It posted revenues of $39
million for the fiscal year
ended June 30, versus its
revenue of $9.1 million a year
ago. |
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