Biting the hand that feeds IT
Biting the hand that feeds IT
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Floating storage specialist names priceData Domain debuts todayPublished Wednesday 27th June 2007 14:18 GMT Network storage and disk backup company Data Domain has announced pricing for its Initial Public Offering. Shares start trading later today on Nasdaq. The price is $15 a share - higher than expected. Data Domain is offering 7.39m shares - seven million from Data Domain and 390, 000 by a shareholder. The company should raise about $94.2m from the sale. The company was founded in 2001 and claims 750 enterprise customers. Goldman Sachs and Morgan Stanley acted as advisors. Press release is here.® 1 comment posted — Comment period finished nothing to do with the rainPosted: 15:38 27th June 2007
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