Wednesday, October 18, 2006

Acme Packet Completes IPO

Acme Packet (NASDAQ: APKT) completed its initial public offering (IPO) of 11.5 million common shares at a price of $9.50 per share. Of the shares sold in the offering, 8.0 million shares were offered by the company and 3.5 million shares were offered by selling stockholders.

Acme Packet also announced today that the underwriters of its initial public offering exercised in full their option to purchase an additional 1.7 million common shares from the company.

Goldman, Sachs & Co. served as the sole book-running manager, Credit Suisse was co-lead manager, and JPMorgan and ThinkEquity Partners were co-managers for the offering.

On Thursday, shares in APKT closed at $16.49, down 4.7% for the day.

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