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Thursday, February 08, 2007

Mellanox Technologies IPO - MLNX

The IPO for Mellanox Technologies Ltd. (NASDAQ: MLNX) is open for trading. The stock is trading at $19.72 after pricing 6,000,000 shares at $17 per share, which was above the expected $14-$16 range which was up from $12-$14.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. acted as joint book-running managers for the offering, with Thomas Weisel Partners LLC and Jefferies & Company, Inc. serving as co-managers.

Mellanox Technologies is a leading supplier of semiconductor-based, high-performance interconnect products that facilitate data transmission between servers and storage systems through communications infrastructure equipment. Our products are an integral part of a total solution focused on computing, storage and communication applications used in enterprise data centers, high-performance computing and embedded systems.

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