Acacia Communications sets IPO price range of $21 to $23
May 03, 2016
Acacia Communications has developed technology that delivers high-speed coherent optical interconnect products to improve performance and capacity of communication networks. A midpoint pricing of the company's IPO would raise $99 million and value it at nearly $784.5 million. Acacia is backed by Matrix Partners (38.8% pre-IPO stake), Commonwealth Capital Ventures (19.5%) and Summit Partners (9.3%), among others.