May 6, 2016
Acacia Communications undertakes $100M IPO
By Sam Bonacci
Maynard-based Acacia Communications, which makes optical and electrical technology for data transmission, will hold a $100-million initial public offering Monday.
The company that provides interconnect modules for optical networks plans to raise $99 million by offering 4.5 million shares at a price range of $21 to $23, according to Renaissance Capital, which tracks IPO activity. At the midpoint of the proposed range, Acacia Communications would have a fully diluted market value of $889 million.
Acacia Communications was founded in 2009 and booked $276 million in sales for the 12 months ended March 31, according to Renaissance, and plans to be listed on the Nasdaq under the symbol ACIA.
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