Friday, June 6, 2014
Arista Networks Surges In IPO Debut
Santa Clara-based Arista Networks debuted on the NYSE this morning as ANET, raising around $226M for the company. The developer of software defined networking products priced its IPO last night at $43.00 per share, above an initial estimated range of $36.00 to $40.00 per share. The company is now trading up over 30 percent in afternoon trading, around $56.71 per share; the IPO has traded as high as $60.00 in its debut trading.